IPO market snaps pre-election subdued momentum with record fund-raising in 2024: Report
The report highlighted that over the last 4 election years, just 20 companies raised funds through the public issues between October and March.
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IPO Market Mews Today India: The dull momentum that grips the primary market has been done away with this year as fund raising through the initial public offering (IPO) route marks a record in 2024, notes Prime Database report.
The report highlighted that over the last 4 election years, just 20 companies raised funds through the public issues between October and March. And in this year in the run upto Lok Sabha elections, the fund raise is 7 times in comparison to the last 4 election years.
| Pre-Election Period No Of IPOs Amount raised (cr) | |||||
| Oct 2003-Mar 2004 14 1906 | |||||
| Oct 2008-Mar 2009 2 50 | |||||
| Oct 2013-Mar 2014 0 0 | |||||
| Oct 2018-Mar 2019 4 2352 | |||||
| Oct 2023-Mar 2024 39 33253 | |||||
| Source: Prime Database | |||||
Further, the report mentions that this time around, there is less uncertainty among investor community and companies on the election outcome.
IPOs expected in due course are as following:
| Company IPO Size (cr) (est) | ||||
| Stanley Lifestyles 550cr | ||||
| Indegene 3200cr | ||||
| Waaree Energies 3000cr | ||||
| Arkade Developers 430cr | ||||
| DEE Piping 325 cr | ||||
| CJ Darcl 340 cr | ||||
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