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In 2024, the Indian IPO market saw over 60 mainboard IPOs, which turned out to be profitable for investors. Approximately 90 companies went public, raising around Rs 1.3 trillion in the first 11 months of the year. This significant influx of new listings marked a vibrant year for the IPO market.
Notable IPOs that delivered substantial gains included Jyoti CNC Automation, KRN Heat Exchanger, and Premier Energies. These companies experienced strong investor interest and performed well post-listing. The overall market conditions and investor sentiment contributed to the positive performance of these IPOs.
Despite the success of many IPOs, some underperformed. For instance, Popular Vehicles and Services saw a decline of 47% from its issue price, indicating that not all IPOs guaranteed returns. Investors needed to be cautious and selective in their investments.
The robust activity in the IPO market was driven by various high-growth sectors, attracting both retail and institutional investors. Sectors such as technology, healthcare, and renewable energy were particularly popular, reflecting the broader economic trends and investment opportunities in India.
