With 82 firms raising an astounding Rs 1.08 trillion, Samvat 2080 has become a huge year for the Indian primary market. Given that several initial public offerings (IPOs) are still available for subscription before the year ends, this number is expected to rise.
Leading the surge was Hyundai Motors, a South Korean manufacturer that made a historic debut in the Indian market with the largest-ever initial public offering (IPO) of Rs 27,000 crore.
In the meantime, Bajaj Housing Finance Limited’s initial public offering (IPO) had a resounding response, drawing bids totaling Rs 3.2 trillion for its Rs 6,560 crore offering. Nearly 9 million applications were submitted for the IPO, breaking the previous record set by Tata Technologies, which also started its IPO in the same Samvat year.
Bharti Hexacom, Indian Renewable Energy Development Agency (IREDA), Go Digit General Insurance, Brainbees Solutions (Firstcry), Ola Electric Mobility, Aadhar Housing Finance, and Premier Energies are some of the other noteworthy businesses that went public this year. Vodafone Idea also carried out a Rs 18,000 crore follow-on public offering (FPO).
Analysts are still upbeat about the Indian market’s prospects for Samvat 2081. They expect more businesses to try to generate money through initial public offerings (IPOs).
The National Stock Exchange (NSE), National Securities Depository (NSDL), Vishal Mega Mart, NTPC Green Energy, ONGC Green Energy, Satluj Jal Vidyut Nigam (SJVN), and Swiggy are among the companies that are anticipated to make public offerings shortly.
Market observers credit the strong performance of the main markets to several factors, including enhanced openness, regulatory reforms, good secondary market conditions, and abundant liquidity, all of which have encouraged eager investor engagement.
