NSE remains number one in Asia in terms of IPO in 2024, leaving the entire world behind in terms of funds raised. – INA NEWS
National Stock Exchange (NSE) remained at the forefront in the number of IPOs across Asia in the year 2024. Not only this, it has created a global record in terms of equity capital raised in the primary market. According to the data, out of 268 IPOs in 2024, 90 listings on NSE were in the mainboard segment and 178 were in the SME segment. In total, about Rs 1.67 lakh crore was raised through these IPOs. This is the highest number of IPOs in a calendar year.
Talking about IPO activity in 2024 globally, 1,145 listings were seen during the last year. In 2023 this figure was 1,271. India emerged as a standout performer, accounting for almost a quarter of overall Asia IPO activity.
NSE said in a statement, “India leads IPO activities across Asia, where NSE helped 268 companies raise a total amount of about Rs 1.67 lakh crore through IPO. This includes Hyundai Motor India Limited’s Rs 27,500 crore. It was India’s largest IPO and the second largest globally.”
NSE alone defeated Japan, Hong Kong and China
Sriram Krishnan, Chief Business Development Officer, NSE, said the data shows that NSE alone has seen a higher number of IPOs than the total number of IPOs registered on other top exchanges in Asia. These top exchanges include Japan (Japan Exchange Group), Hong Kong (Hong Kong Stock Exchange) and China (Shanghai Stock Exchange). In 2024, Japan Exchange Group saw 93, Hong Kong Stock Exchange saw 66 and Shanghai Stock Exchange saw 101 IPOs.
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Rs 1.59 lakh crore came from 90 mainboard IPOs
He said, “NSE has raised the maximum amount of about $ 19.5 billion through IPO in the year 2024, while NYSE has raised $ 15.9 billion and Shanghai Stock Exchange has raised $ 8.8 billion. Similarly, NASDAQ has raised $ 16.5 billion and Hong Kong Stock “The exchange raised $10.4 billion.”
In the case of NSE, about Rs 1.59 lakh crore of the total funds raised came from 90 mainboard IPOs. These do not include real estate investment trusts (REITs), infrastructure investment trusts (InVITs) and follow-on public offers (FPOs). Meanwhile, 178 SMEs IPOs collectively raised Rs 7,349 crore.
NSE remains number one in Asia in terms of IPO in 2024, leaving the entire world behind in terms of funds raised.
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