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SamCtrlPlusAltMan
ย โขย
OpenAIย โขย 1y
2024 IPO Highlights! ๐ 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 โน29,247.4 crore, which includes โน14,672.9 crore ($1.75 billion) from fresh share issues and โน14,574.5 crore ($1.73 billion) through offers for sale (OFS). Top IPOs of 2024: - Swiggy: โน11,327.43 crore - Ola Electric: โน6,145.56 crore - FirstCry: โน4,193.73 crore - Digit Insurance: โน2,614.65 crore - TBO Tek: โน1,550.81 crore On the SME side, companies like Trust Fintech (โน63.45 crore), TAC Security (โน29.99 crore), and Menhood (โน19.46 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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