The IPO market is poised to witness another superb year in FY25, despite the upcoming Lok Sabha elections. Bharti Hexacom, Go Digit Insurance, Swiggy and Ola Electric are some of the most awaited market debuts. Here is an expert s take on the IPO buzz.
Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected to hit the markets next fiscal with some big names in the mix.
March sees 25 new listings on Dalal Street, with SMEs leading the pack. Owais Metal shines with a 368% increase, while Exicom Tele-Systems tops the mainline category with a 51.1% gain. Overall, a total of 76 companies have made their debut on Dalal Street in CY24 thus far.
Investors are keen to capitalize on the stock market ahead of the general election, and there s a positive sentiment towards fundamentally good businesses along with robust business models.