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2024 Upcoming IPOs
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    2024 Upcoming IPOs

    02 January 2024

    2023 Review: 2023 stands at 2nd place in terms of number and 4th in terms of value 2024 is expecting to see a higher number of IPOs.

    Let's take a look at a few pointers to understand how the Stock Market performed & what we can expect in the year 2024 w.r.t to IPO listings:

    In 2023, the Stock market performed exceedingly well, giving an average return of 19.5% to the investors. While the Nifty jumped 20% in 2023, Sensex saw an amazing growth of 19% to log their best returns since the year 2021 & second best since 2017.

    The year 2023 saw a total of ~ 57 IPOs, 2nd highest in the past decade, second only to 2021, which notched 63 IPOs.

    As for the total amount raised from IPOs, 2023 ranked as the 4th largest in the past decade. The total amount raised in FY23 is ₹494.2 bn ($5.9 billion), compared to ₹1.2 trillion in 2021, ₹672 bn in 2017, and ₹593 bn in 2022.

    According to SEBI, over 27 DRHPs have been filed in the year 2023 & many prominent companies are looking to actively list their IPOs on the stock market in 2024.

    The Funding Winters looks like a distant past as the markets predict a much more resilient performance in 2024, backed by some very strong IPO listings in the second half of 2023. Over 27 Companies plan to raise close to ₹29,000 through public Issue next year.

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