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Companies are rushing to go public in India this year as the stock market booms, with Swiggy's $1.35 billion initial public offering opening up for subscriptions next week.
About 270 companies have raised over $12.57 billion through IPOs in India so far this year, well above the $7.4 billion raised in all of 2023, LSEG data shows.
These are the country's biggest IPOs of 2024:
Hyndai Motor India Hyundai Motor India's $3.3 billion IPO, the first by a carmaker in India in two decades, received bids totalling $5.5 billion. However, concerns around lofty valuations and an auto industry slowdown led the company to log a lacklustre debut.
Swiggy SoftBank-backed food delivery firm Swiggy is eyeing an $11.3 billion valuation on its $1.35 billion IPO, after cutting it down twice by a combined 25 per cent, citing recent volatility in the Indian equity markets.
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NTPC Green State-run NTPC's green energy arm filed draft papers for a $1.2 billion IPO in September.
Bajaj Housing Finance Shares of India's most valuable home loan financier have more than doubled after a blockbuster response to its $782 million IPO in September.
OLA Electric The electric scooter maker's $734-million IPO in August drew investor interest from the likes of Fidelity and Nomura.
Schloss Banglore Brookfield-backed Leela hotels owner Schloss Bangalore filed for a $599 million IPO in September.
Bharti Hexacom Telecom operator Bharti Hexacom's $511-million IPO was launched in April, attracting bids worth more than $8 billion.
AADHAR Housing Finance Mortgage lender Aadhar Housing Finance's IPO in May raised $358 million.
Go Digital General Insurance Insurer Go Digit launched its share sale in May, raising $312 million.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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