IPOs in FY24: 75 issues launched; 5 stocks including IREDA, Netweb soared over 150% since listing livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
Mutual funds reduced holdings and exited several midcap and smallcap stocks. Notable exits include Capri Global, Rama Steel Tubes, and SJVN. Meanwhile, funds reduced exposure to City Union Bank, Ashok Leyland, and Life Insurance Corp of India.
India s weightage in the MSCI Global Standard (Emerging Markets) index will reach a historic high of 18.2%. India s representation is expected to increase to around 18.5% after the February rejig, according to Abhilash Pagaria of Nuvama Alternative & Quantitative Research. The quarterly rebalancing could lead to significant inflows from passive FII funds.