IPOs to get bigger even after size has doubled in 2024
Mint Mumbai|November 27, 2024
Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S. Ramesh, managing director and CEO of Kotak Investment Banking.
Mansi Verma & Sneha Shah
IPOs to get bigger even after size has doubled in 2024

With more large firms and new-age companies looking to list over the next two years, the average IPO size is likely to rise, Ramesh said.

"The average size (of IPOs) has roughly moved from about ₹900 crore to close to ₹2,000 crore because this year saw the advent of some of the large IPOs of companies such as Bajaj Housing Finance, Hyundai, FirstCry, and Swiggy. So, I think it has navigated towards larger size on an average," Ramesh said in an interview, without providing estimates.

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