The Indian stock market has experienced tremendous growth in 2024, which has also had an impact on the IPO (Initial Public Offering) market. Since the beginning of this year, various companies have raised Rs 1.22 lakh crore through IPOs. This figure is very significant, especially when taking into account that the end of the year is still two months away, and this amount is likely to increase further.

A bumper amount was raised in August.

About 70 percent of this record amount was raised in the month of August itself. A total of Rs 17,109 crore was raised in August, which is the largest figure this year. After this, Rs 11,058 crore was raised in September and about Rs 38,700 crore in October. The IPO market saw momentum from August to October.

Preparing for the latest IPOs

Many new companies are planning to launch IPOs at the end of 2024. Well-known brands like Swiggy, Cegility India, ACME Solar Holdings, and Niva Bupa Health Insurance are aiming to raise around Rs 19,334 crore through their IPOs. These IPOs are expected to increase this record even further, providing better opportunities to investors.

Hyundai Motor IPO: Mixed response

Hyundai Motor India's recently launched Rs 27,870 crore IPO received a mixed response in the market. This IPO was India's largest IPO, but its shares were listed at a discount of 1.5 percent from the issue price. On the very first day, the shares came to Rs 1,934 against Rs 1,960, and after that, it saw a continuous decline. Ultimately the share price closed at Rs 1,822.

future prospects

This year's IPO market is proving to be attractive for investors, and as new IPOs are coming in, the market is getting more excited. Investors are now noticing that more big companies will launch their IPOs in 2024, which can create even more buzz in the market.

Thus, the Indian IPO market in 2024 has set new benchmarks, opening up many possibilities for investors.