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.

Further, the report mentions that this time around, there is less uncertainty among investor community and companies on the election outcome.

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