IPOs in 2024: From Ola Electric to Firstcry here are 11 expected issues in the new year; check out the full list
₹49,437 crore as compared to 40 IPOs launched in 2022 raising ₹59,939 crore. Remarkably, the proportion of newly raised capital in IPOs for this year has surged to an eight-year high. These offerings experienced substantial gains upon listing, capitalizing on strong involvement from retail investors.
As we move ahead, the market is likely to maintain its optimistic trajectory, with upcoming issuances totaling ₹28,440 crore slated to make their way into the public markets. Also read: Azad Engineering IPO allotment finalised. Latest GMP, steps to check allotment status online “IPO activity has been robust this year and the momentum is expected to continue into 2024.
There is eagerness among investors to tap capital markets ahead of the general elections. This seems a prudent strategy as well given that historically, Indian equities have usually done well heading into general elections," said Mohit Ralhan, CEO at TIW Capital. Ralhan further added, “Sentiment towards new-age companies has improved as well.
Companies like Zomato, Paytm, Rategain etc. when listed in 2021 had a lacklustre debut. But over the last year, their business performance has improved, and the stocks have delivered decent returns.
This will augur well for new-age businesses looking to debut on listed markets in 2024." Also read: 2023 in review: IPOs this year have broken records; 2024 will likely see even more IPOs, says Venkatraghavan of Equirus Ola Electric, the electric vehicle subsidiary of Ola, is poised to become one of the highly awaited initial public offerings (IPOs) in 2024. The company is targeting a fundraising range of $700 million to $800 million, which would place its valuation between $7 billion and $8 billion. Also read: Ola Electric
. Read more on livemint.com
