This has to be seen in the wake of the fact that India is on track to become the world's third-largest economy by 2027 with a $7 trillion GDP target by 2030.
QIPs in 2024 have surged, with 91 deals raising a record Rs 1,29,200 crore. It has surpassed last year's Rs 52,300 crore and the previous peak of Rs 80,500 crore in CY20, marking an all-time high.
Interestingly, the global IPO market recorded 1,215 deals raising $121.2 billion, slightly below 2023 levels. However, the second half of 2024 witnessed improved performance, with the US reclaiming the top spot for IPO proceeds and a record 55 per cent participation from foreign issuers. Compared to this, in India, as many as 76 companies raised Rs. 1.3 trillion in the first 11 months of 2024. Favourable regulatory reforms and investor confidence fuelled market momentum, even during downturns.
This story is from the January 03, 2025 edition of The Statesman.
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This story is from the January 03, 2025 edition of The Statesman.
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