NSE Achieves Record IPO Activity in Asia with Rs 1.67 Lakh Crore Raised in 2024

The National Stock Exchange (NSE) reported a record-breaking year for initial public offerings (IPOs) in Asia, raising approximately Rs 1.67 lakh crore. This achievement marks the largest-ever global fundraising from the primary market. The NSE hosted 90 IPOs on its mainboard and 178 on the SME platform Emerge, indicating growing investor confidence in India's capital markets.

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Globally, IPO activity saw a decline with 1,145 listings in 2024 compared to 1,271 in 2023. Despite this trend, India stood out by contributing around 25% of all IPO activity in Asia. The NSE facilitated 268 companies going public, raising about Rs 1.67 lakh crore (USD 19.5 billion). This includes Hyundai Motor India's public issue of Rs 27,735 crore (USD 3.3 billion), the largest-ever in India and second-largest globally in 2024.

Record-Breaking IPOs on NSE's Platforms

Among the IPOs, the mainboard saw 90 companies listed, raising Rs 1.59 lakh crore. Meanwhile, the SME platform Emerge witnessed 178 SMEs collectively raising Rs 7,349 crore. This record number of IPOs underscores the resilience and potential of the Indian economy, according to Sriram Krishnan, Chief Business Development Officer at NSE.

Krishnan noted that NSE alone facilitated more IPOs than other leading Asian exchanges combined, including Japan Exchange Group, Hong Kong Stock Exchange, and China's Shanghai Stock Exchange. He also highlighted that NSE led globally in fundraising through IPOs in 2024 with USD 17.3 billion, surpassing NYSE's USD 15.9 billion and Shanghai Stock Exchange's USD 8.8 billion.

This remarkable performance by NSE reflects a robust interest from investors and companies alike in India's financial markets. The significant funds raised through these IPOs demonstrate a strong belief in the growth prospects of Indian businesses.

The data suggests that India's capital markets are becoming increasingly attractive to both domestic and international investors. This trend is likely to continue as more companies seek to tap into the opportunities provided by public listings on platforms like NSE.