47 Companies raised over ₹16,000 crore; 61% are trading above issue price
Published By Livemint | 02 Oct, 2024
Retail investors are fueling the IPO demand, especially in the SME IPO segment. (Photo credits: Pexels)
In September, 47 companies hit Dalal Street and raised ₹16,152 crore. (Photo credits: Pexels)
13 of the 47 IPOs were from the mainboard segment, like Bajaj Housing Finance with the issue size of ₹6,560 crore. (Photo credits: Pexels)
Remaining 34 IPOs belonged to the SME IPO segment, like Premier Energies with an issue size of ₹2830.4 crore. (Photo credits: Pexels)
Close to 61% of the companies listed in September are trading above their issue price. Travels & Rentals' leads the way with 283% gains. (Photo credits: Pexels)
The rise in the retail investor participation in the market has encouraged companies to eye public markets for fundraising. (Photo credits: Pexels)
In India, 227 IPOs were listed in the first eight months of 2024, raising a combined $12.2 billion. (Photo credits: Pexels)
Companies like Hyundai Motors, Swiggy, NSE, Waaree Energies, Mobikwik, and NTPC Green are preparing for their Dalal Street debut. (Photo credits: Pexels)