I. Robust IPO Pipeline in 2024:

27 companies cleared by SEBI for Rs 28,500 crore, 36 await approval for Rs 40,500 crore. 3 new-age tech firms (OYO, Digit Insurance, First Cry) targeting Rs 16,000 crore. Anticipated IPO launches before election pause, per Pranav Haldea, Prime Database.

II. Recap of 2023’s IPO Performance:

57 firms raised Rs 49,434 crore, a 17% drop from 2022 excluding the significant LIC IPO. Notable IPOs included Mankind Pharma, Tata Technologies, and JSW Infrastructure, along with smaller offerings like Udayshivakumar Infra and Plaza Wires.

III. Retail Investor Surge:

Retail participation surged with Tata Technologies leading in retail applications. Average listing gain rose to 29% in 2023, while SME IPOs increased substantially by 150%.

IV. Outlook for 2024:

Expect a dynamic market with tech companies and evolving retail investor participation, shaping the IPO landscape in 2024.

Disclaimer:

The information provided here serves as an overview of the 2024 IPO landscape and past IPO trends. It does not constitute financial advice. Readers are encouraged to conduct their research or consult certified financial experts before making any investment decisions. The views expressed are based on available data and expert opinions, and the website does not endorse or guarantee any specific outcomes related to investments in the IPO market.