IPO fundraise thus far in 2024 third highest in primary market history

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IPO fundraise thus far in 2024 third highest in primary market history - Business Standard

Quick Summary:

IPO pipeline for the remaining part of CY24 remains strong.

There is enough liquidity sloshing around now, said Gaurang Shah, senior vice-president at Geojit Financial Services, which is not only keeping the secondary markets buoyant but also keeping primary markets buzzing.“Earlier, people were worried that the money would flow out of the secondary markets into the primary markets.

NTPC Green Energy (Rs 10,000 crore), Hexaware Technologies (Rs 9,950 crore) and Vishal Mega Mart (Rs 8,000 crore) are among those waiting for approval, data shows.