Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
Afcons Infrastructure’s ₹5,430 crore initial public offering (IPO) has propelled the 2024 IPO market beyond the ₹1 trillion mark, a milestone previously achieved only once in 2021 when it reached ₹1.19 trillion.
Anticipation surrounds upcoming major IPOs from Swiggy (₹11,700 crore), NTPC Green (₹10,000 crore), and Vishal Mega Mart (₹8,000 crore), which are poised to potentially surpass the 2021 record.
The IPO surge is bolstered by the robust performance of small and medium enterprises (SMEs), with 215 companies raising ₹7,700 crore, marking a 65% increase over last year's record.
This year’s IPO success is attributed to abundant domestic liquidity and positive post-listing performances. Out of 64 mainboard IPOs, only 12 stocks fell below their issue price on the listing day. Currently, including Hyundai, just 15 stocks trade below their IPO price.
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