In 2023, a total of 58 initial public offerings (IPOs) were listed in the Indian market, resulting in a substantial capital raise of approximately Rs 49,500 crore. Although this figure falls short of previous years’ records, the absence of large-scale IPOs did not hinder its position as the fourth-highest grossing year in the past decade. During this period, investors primarily focused on securing immediate gains from IPO listings. However, a recent report emphasizes the potential for even greater returns post-listing. Notably, only one IPO, Tata Technologies, managed to double investor investments upon listing, while others failed to do so. On the other hand, IREDA, an IPO that nearly doubled in value on its debut, has since tripled in value since its listing. Looking ahead to 2024, the IPO pipeline appears robust, with the highly anticipated mega IPO of Ola Electric Mobility projected to raise approximately Rs 10,000 crore. This upcoming IPO has garnered significant attention and is expected to make a substantial impact in the market.
In 2023, the number of initial public offerings (IPOs) witnessed a significant increase. However, the total amount raised through these IPOs was comparatively lower. While the IPO count rose, indicating a growing trend of companies going public, the overall funds raised fell short of expectations. This suggests that although more companies entered the public markets, they may have faced challenges in attracting substantial investments.
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2023 sees increase in IPO count, yet amount remains low.
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