PRIMARY MARKET activity always follows a buoyant, or at least, a stable secondary market, albeit with a lag. Ever since Covid-19 struck in March 2020 and indices hit significant lows, the market sentiment has bounced back with a vengeance, leading to a secular run-up, with the indices now almost at all-time highs, despite the recent correction.
Commensurately, there has been significant activity in the IPO (initial public offering) market as well. While 2020 saw ₹26,612 crore being raised through main-board IPOs, the good run continued in 2024 with an all-time high of ₹1,52,629 crore being raised (as of December 13).
From various accounts, the Indian secondary market seems poised to continue its stellar run on account of political stability, several favourable macroeconomic indicators, and abundant liquidity from both domestic and foreign investors. The impact of this shall be felt in the primary market too. The pipeline is incredibly strong; as many as 32 companies have Sebi approval to raise ₹42,000 crore, while another 55 companies looking to raise ₹1.15 lakh crore are awaiting approval from Sebi.
New filings are also likely to see a significant spurt in the coming months. Importantly, unlike in the recent years when a large number of companies going for IPOs were from the BFSI (banking, financial services, and insurance) sector, most IPOs in the last two years and also those in the pipeline span multiple sectors.
Denne historien er fra January 19, 2025-utgaven av Business Today India.
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Denne historien er fra January 19, 2025-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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"OFFER MORE SOPS FOR THE NEW TAX REGIME”
Dinesh Kanabar, CEO of Dhruva Advisors, on the tax-related measures expected in the Budget, reforms, and more
IN SEARCH OF A BOOSTER SHOT
TO BOOST GROWTH, THE GOVERNMENT MAY FOCUS ON INCREASING CAPEX AND BOOSTING DOMESTIC CONSUMPTION, PARTICULARLY TARGETING THE MIDDLE CLASS. THIS COULD PROVIDE A FILLIP TO STOCKS IN THOSE SECTORS
HEALTH BOOST
THE HEALTHCARE SECTOR IS EXPECTED TO RECEIVE A SHOT IN THE ARM IN BUDGET 2025-26, WITH A FOCUS ON PRIMARY HEALTHCARE, DIGITAL HEALTH, AND BOOSTING PHARMACEUTICAL MANUFACTURING AND RESEARCH. BUT CHALLENGES LIKE THE SHORTAGE OF HEALTHCARE PROFESSIONALS REMAIN
"Indian aviation to see double-digit growth for the next 30 years"
Vinay Dube, Founder & CEO of Akasa Air, on the country's aviation sector, why the airline was set up, and more
TIME TO BE SMART
This year could be a good time to take home some profits, reduce risk, and shift to large-cap investments
CLOTHES MAKETH A MAN
THE MEN’S LUXURY MARKET IN INDIA, ONCE A NICHE SEGMENT, IS WITNESSING AN EXTRAORDINARY RISE AND IS THRIVING, THANKS TO SOCIAL MEDIA AND RISING DISPOSABLE INCOMES
Front-running Redux
Ketan Parekh has again been accused by Sebi. This time the allegations are of front-running, an unethical practice in financial markets
Triumph of Engineering
The Udhampur-Srinagar-Baramulla Railway Line in J&K is set to expedite trade and tourism
MAKING A MARK
IN A LANDSCAPE DOMINATED BY THE BIG FOUR ACCOUNTING FIRMS, DHRUVA ADVISORS HAS STRUCK IT BIG ON THE BACK OF ITS TAX AND REGULATORY ADVISORY SERVICES, ASSISTING SOME OF THE MARQUEE DEALS OF INDIA INC.
TIME FOR A TAX BREAK?
INDIVIDUAL TAXPAYERS LOOK FORWARD TO THE BUDGET EVERY YEAR HOPING FOR A BIG TAX BREAK. IT HAS ELUDED THEM FOR YEARS, BUT WITH HIGH INFLATION, MODERATING URBAN CONSUMPTION, AND ROBUST TAX COLLECTIONS, WILL THE MIDDLE CLASS GET A TAX BREAK IN FEBRUARY?
