NSE leads Asia in IPO count in 2024, sets global record for equity capital raised in primary market

NSE achieves milestone of highest numbers of IPOs within Asia in 2024

The National Stock Exchange (NSE) has achieved a remarkable milestone in 2024, leading Asia in the number of initial public offerings (IPOs) and setting a global record for equity capital raised in the primary market.

The 268 IPOs in 2024 comprised 90 listings on the Main Board and 178 on the SME platform, collectively raising approximately Rs 1.67 lakh crore. This marks the highest number of IPOs facilitated in a single calendar year, reflecting strong investor confidence and the vibrancy of India's equity markets.

Globally, IPO activity saw 1,145 listings in 2024, a slight decline compared to 1,271 in 2023. Despite this, India emerged as a standout performer, accounting for nearly a quarter of Asia's IPO activity.

"India led the chart with NSE facilitating 268 companies going for IPOs raising total fundraise of approximately Rs 1.67 lakh crores, including the largest IPO in India and second largest IPO globally of Rs 27,500 crore of Hyundai Motor India Ltd.," the exchange said in a statement.

"NSE has facilitated highest amount of Fund raise through IPOs in CY2024 of $17.3 Bn vis a vis other Global exchanges like NYSE of $ 15.9 bn, and Shanghai Stock Exchange $ 8.8 Bn," he added.

Of the total funds raised, approximately Rs 1.59 lakh crore came from 90 Main Board IPOs, excluding real estate investment trusts (REITs), infrastructure investment trusts (InVITs), and follow-on public offers (FPOs). Meanwhile, 178 SMEs collectively raised Rs 7,349 crore, it said in a statement.