look news india
Mumbai: Along with the secondary market, new records are also being seen in the equity primary market in the country. If we look at the data obtained from the primary markets By the end of the first six months of 2024, 37 companies would have raised Rs 3,200 crore through initial public offerings (IPOs). Earlier, in the first six months of 2007, 54 companies had raised Rs 20,830 crore through IPOs.
Thus, the first six months of the current year have been the best in terms of IPOs after 17 years. During the boom in the stock market in 2007, 54 companies raised Rs. 20,833 crores. But in 2022, the IPO market was at its peak, when 16 companies raised Rs. 40,311 crores were collected. This also includes the IPO of the government insurance company Life Insurance Corporation of India (LIC), which is the largest IPO till date. This sector has got the second best figure this year after 2022.
If we exclude the amount raised for the LIC IPO from the 2022 data, 2024 has been the best year for the IPO market in terms of number of issues and amount raised. During the first half, Indian and foreign investors poured in plenty of cash, leading to a fourfold increase in investments compared to the first half of last year.
Before the global financial crisis of 2008, Indian equities had a big surge behind the world markets.
The amount raised in the first six months of the current year is four times that of the first six months of the previous year. This was possible as a result of liquidity support from foreign and domestic investors, a report said.
Since the beginning of the current year, the secondary market of the country has been witnessing a strong boom, due to which positive sentiments are being seen in the primary market. Apart from the boom in the secondary market, the increased participation of retail investors is also making companies consider raising money through IPO at the present time.
Talking about the election year, during the 2019 Lok Sabha elections, eight companies raised Rs 5509 crore in the first six months and only one IPO was seen in 2014 and Rs 302 crore was raised in the year of the 2009 Lok Sabha elections. Crores were raised through two IPOs.