NSE Sets New Record with Highest Number of IPOs in 2024
New Delhi [India], January 3: The National Stock Exchange (NSE) has announced a historic achievement, recording the highest number of Initial Public Offerings (IPOs) in Asia and leading the world in equity capital raised in the primary market for the calendar year 2024.
In an unprecedented feat, NSE successfully hosted 268 IPOs, including 90 on the mainboard and 178 on the SME platform, raising a total of ₹1.67 lakh crore. This marks a significant milestone as the highest number of IPOs facilitated in a single calendar year, reflecting the growing confidence of global and domestic investors in India’s capital markets.
On the global stage, 2024 saw a total of 1,145 IPOs, slightly lower than the 1,271 recorded in 2023. Yet, India emerged as a leader, with NSE facilitating 268 IPOs, including Hyundai Motor India Ltd.’s landmark IPO worth USD 3.3 billion—the largest IPO in India’s history and the second-largest globally for the year.
For the SME segment, companies collectively raised ₹7,349 crore (USD 0.86 billion), showcasing the platform’s robust support for small and medium enterprises aiming to scale their operations.
Sriram Krishnan, Chief Business Development Officer (CBDO) of NSE, highlighted the significance of this achievement, stating, “The record number of IPOs during this calendar year highlights the resilience and potential of the Indian economy. Companies across various sectors are recognizing the value of public markets to support their growth strategies.”
In a comparison with other leading Asian stock exchanges, such as Japan Exchange Group, Hong Kong Stock Exchange, and Shanghai Stock Exchange, Krishnan noted that NSE facilitated more IPOs than all of them combined, underlining India’s dominant position in the region.
Looking ahead to 2025, NSE has reaffirmed its commitment to strengthening its platform to enable higher capital raising and support for businesses. India’s thriving stock market is attracting an increasing number of companies eager to list their shares, many of which have already reaped significant returns post-listing.
For the uninitiated, an Initial Public Offering (IPO) is a process through which companies sell their shares to the public to raise equity capital from investors, often marking a pivotal step in their growth journey.
With such impressive achievements in 2024, NSE has cemented its role as a cornerstone of India’s economic growth and a key driver of global capital market activity.
