Fundraising via IPOS may soar 40% in 2024
Financial Express Mumbai|January 04, 2024
The next couple of months should see several issues being launched
SIDDHANT MISHRA
  • FIRMS LIKELY TO RAISE ₹70K CR

THE PIPELINE OF initial public offerings (IPOs) is likely to remain strong for 2024, with 27 companies looking to raise ₹28,500 crore presently holding valid approvals from the Securities and Exchange Board of India (Sebi), according to PRIME Database.

Another 36 companies looking to mop up a combined ₹40,500 crore are awaiting nods from the regulator. Of the total 63 firms, three are new-age tech companies (NATCs) eyeing roughly ₹16,000 crore. These are: OYO, Digit insurance and FirstCry.

According to Pranav Haldea, managing director of PRIME Database Group, the next couple of months should see several IPOs being launched, before a pause on account of the general elections.

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