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.

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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