look news india
Ahmedabad: Usually the primary market remains sluggish before elections but no such signs are visible before the 2024 Lok Sabha elections. From the data it seems that investors and companies are more confident about the results of the elections this year.
Data from prime market tracker Prime Database shows that 39 companies have launched their IPOs in the October to February period ahead of the 2024 Lok Sabha elections. These companies have collectively raised Rs 33,253.07 crore.
Interestingly, a total of 20 companies launched their IPOs in the six-month period (October to March) before the last four elections in 2004, 2009, 2014 and 2019.
Total Rs. 4308 crores were collected. This means that the amount raised by companies this year is seven times more than the last 4 rounds.