The year 2024 was the year of initial public offerings (IPOs), with companies such as Hyundai Motors India, Bajaj Housing Finance, Swiggy, NTPC Green Energy, and OLA Electric raising funds from the market. With eight IPOs opening this week, equity fundraising by India Inc. via IPOs, qualified institutional placements (QIPs), and rights issues has surpassed the Rs 3 lakh crore mark, a 64% increase from the previous record of Rs 1.88 lakh crore in 2021. The trend, say bankers, is likely to continue.
“India Inc’s significant fundraising in 2024 can be attributed to a favorable macroeconomic environment, a robust equity market, and increased investor confidence driven by stable policies and growth,” Pinak Bhattacharya, Head of Corporate Finance at IIFL Capital, said. “Fresh issues highlight the need for capital to fund expansion, deleverage balance sheets, and invest in growth opportunities, in addition to the monetization of existing stakes.
