In Charts | 2024 IPO Boom: A year of growth and opportunity

The year 2024 witnessed a surge in the primary market, with around 62 companies raising Rs 64,477 crore through initial public offerings (IPOs). Small and medium enterprises (SMEs) also made a mark, with 165 SME companies collectively raising Rs 5,500 crore via IPOs (SME, as of August 24). This represents the second-highest number of SME IPOs in recent years, trailing only the 183 companies that raised funds in 2023, PRIME Database data suggests. The strong participation in both mainline and SME IPOs highlights a healthy investment climate and increasing market confidence

Top 5 IPO Subscriptions in 2024

The top five IPO subscriptions in 2024 showcased strong investor demand across various sectors. Vibhor Steel Tubes led the list with a remarkable subscription ratio of 299.7 for an issue size of Rs 72.2 crore, signaling robust interest in the steel sector. Manba Finance followed with a subscription ratio of 224.1 for its Rs 150.8 crore issue, reflecting solid confidence in the finance sector. These figures underscore a dynamic market and strong investor appetite throughout 2024.

Top IPO Performers in 2024

Several IPOs have delivered multibagger returns in 2024. Notably, three stocks provided listing day gains of 30-40%, later soaring by more than 100%. In contrast, Bajaj Housing Finance has posted a return of 125%, although this is slightly lower than its listing day gain of 136%.

Historical IPO Figures in 2024

In 2024 so far, about 62 companies have launched IPOs, collectively raising around Rs 64,477 crore. With several more IPOs expected before year-end, 2024 is on track to be a landmark year in recent period.

Multibagger Returns on Listing Day

In 2024, three mainline IPOs achieved over 100% gains on their listing day. However, two of these stocks experienced slight corrections afterward but are still trading around 70% above their issue price.