Graphic story: Decoding India's IPO boom
The appetite for initial public offerings has experienced a remarkable resurgence in 2023. This graphic story captures the essential highlights of India's thriving IPO market.
The Indian IPO market has witnessed exceptional success in 2023, with companies looking to cash in on the record rally on Dalal Street.
More than 100 SME public offerings and 27 mainline IPOs have been listed on the stock markets as of September 22, 2023.
Majority of the IPOs that listed on the stock markets in 2023 have delivered double-digit returns to investors.
The demand for IPOs has seen a significant surge this year, in sharp contrast with the tepid response to public issues in 2022.
The current surge in IPO activity reflects trends reminiscent of 2021, when companies raised a record Rs 1.11 lakh crore through public offerings.
The resurgence in IPO enthusiasm in 2023 can be attributed to several factors, including increased investor appetite and Dalal Street's record run.
Experts remain optimistic about India's IPO market, citing strong potential to deliver returns in coming months.
The IPO frenzy is set to gain momentum this year, with many mainline and SME public issues in the pipeline.
Despite the strong performance of IPOs in 2023, analysts caution against overvalued offerings.
In the midst of the current IPO frenzy, it's crucial for investors to be cautious and identify IPOs with strong fundamentals.
(Researched by Koustav Das | Design by Rahul Gupta)