With India’s share markets touching new highs, the number of companies that tapped into the public markets also rose to a 16-year high in 2023-24. The amount raised through these main board IPOs rose almost 19%.
Amid India s soaring share markets, the number of companies accessing public markets surged to a 16-year high in 2023-24. Let s explore the top 10 public issues of FY24.
Indian equities face challenges beyond high valuations as earnings disappoint, foreign investors sell off, and rival markets gain appeal amid expectations of a dovish US Fed policy.
The exuberance of Indian stock markets is well-timed when it comes to confidence, the all-important ingredient of economic growth. In the last few years, the rapid growth of the Indian startup sector spread optimism among the wider business community. During 2020-22, when the economy was roiled by Covid and consequent lockdowns, the rise in the number of unicorns at a fast clip did much to spread cheer - and some jealousy - in the business community.