Indian IPOs set new record: The Indian stock market has seen a tremendous boom in 2024. Its effect has also been seen in the IPO market. Since the beginning of this year, companies have raised record funds through IPOs. According to reports, since the beginning of 2024, companies have raised Rs 1.22 lakh crore from the stock market by bringing IPOs. There are still two months left for the current calendar year to end, so this figure is likely to increase further.

Earlier, the highest amount of Rs 1.18 lakh crore was raised by companies through IPO in 2021. About 70 percent of the record amount raised through IPO in 2024 has been raised since August. A total of Rs 17,109 crore was raised from IPO in August, while Rs 11,058 crore was raised in September and about Rs 38,700 crore in October. Earlier, the highest record of Rs 35,664 crore was raised from IPO in November 2021.

These IPOs are coming in November..

The amount to be raised from the stock market through IPO in 2024 may be even higher, as the IPOs of Swiggy, Cegility India, ACME Solar Holdings, and Niva Bupa Health Insurance are going to come in November and these companies aim to raise around Rs 19,334 crore from the stock market.

Hyundai Motor India launches India's biggest IPO

In October last year, Hyundai Motor India launched India's largest IPO of Rs 27,870 crore. Despite the boom in the market, this IPO received a mixed response and on October 22, Hyundai Motor India's stock was listed at Rs 1,934 with a discount of 1.5 percent against its issue price of Rs 1,960. After listing, the stock continued to weaken and closed at Rs 1,822 in the last trading session.