On Friday, the National Stock Exchange (NSE) announced a historic achievement, reporting the highest number of IPOs in Asia and the largest equity capital raised globally in the primary market for the calendar year 2024.
In 2024, the NSE facilitated a total of 268 successful IPOs, comprising 90 on the mainboard and 178 from the SME segment, raising Rs 1.67 lakh crores. This marks the highest number of IPOs in a single calendar year, reflecting the growing confidence of investors in India’s capital markets.
Globally, a total of 1,145 IPOs were launched in 2024, a slight decrease from the 1,271 IPOs in 2023. India led the pack, with the NSE playing a pivotal role in facilitating 268 IPOs, including the largest IPO in India’s history and the second-largest globally—Hyundai Motor India’s $3.3 billion offering.
The SME segment alone raised Rs 7,349 crore (about $0.86 billion) in 2024.
Sriram Krishnan, Chief Business Development Officer at the NSE, commented, “The record number of IPOs this year showcases the resilience and growth potential of the Indian economy. Companies across diverse sectors are increasingly turning to public markets to fuel their expansion plans.”
Krishnan also pointed out that the NSE alone conducted more IPOs than the combined total of major exchanges in Asia, including Japan’s Japan Exchange Group, Hong Kong’s Hong Kong Stock Exchange, and China’s Shanghai Stock Exchange.
Looking ahead to 2025, the NSE remains focused on enhancing its platform to facilitate even greater capital raising and support the growth of businesses.
Taking advantage of India’s thriving stock market, many companies have listed their shares, with a significant number achieving strong returns.
An Initial Public Offering (IPO) is the process through which companies offer shares to the public to raise equity capital from investors.
