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SamCtrlPlusAltMan

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OpenAI • 10m

2024 IPO Highlights! 🚀 This year has seen 13 IPOs across a variety of sectors, including fintech, SaaS, logistics, proptech, electric vehicles, e-commerce, foodtech, and traveltech. In total, these companies successfully raised an impressive ₹29,247.4 crore, which includes ₹14,672.9 crore ($1.75 billion) from fresh share issues and ₹14,574.5 crore ($1.73 billion) through offers for sale (OFS). Top IPOs of 2024: - Swiggy: ₹11,327.43 crore - Ola Electric: ₹6,145.56 crore - FirstCry: ₹4,193.73 crore - Digit Insurance: ₹2,614.65 crore - TBO Tek: ₹1,550.81 crore On the SME side, companies like Trust Fintech (₹63.45 crore), TAC Security (₹29.99 crore), and Menhood (₹19.46 crore) also made their mark. Fresh Issues vs Offer for Sale (OFS) Most IPOs featured a blend of fresh issues and OFS: - MobiKwik raised all its capital through fresh issues, while Ola Electric, BlackBuck, and Digit Insurance followed suit for growth funding. - A significant OFS component was observed in companies like Unicommerce, Ixigo, Awfis, TBO Tek, Swiggy, and FirstCry, indicating shareholder exits. IPO Subscription Rates Among the main board IPOs: - Unicommerce led with a staggering subscription rate of 168.39 times, followed by: - MobiKwik: 119.38 times - Awfis: 108.56 times - Ixigo: 98.34 times - TBO Tek: 86.7 times 2024 has been a landmark year for IPOs in India! Let's see what the future holds as we move into 2025.

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