NSE Leads Asia with Record IPO Listings and Global Fundraising Milestone in 2024

The National Stock Exchange of India (NSE) has set a remarkable record in 2024 with 268 IPOs, raising ₹1.67 lakh crore ($19.5 billion) Based on RBI reference rate of 85.62 for USD-INR as of December 31, 2024. This achievement highlights growing investor confidence in India’s capital markets and NSE’s pivotal role in facilitating public fundraising.

Breaking Records Across Markets

Globally, 2024 witnessed 1,145 IPOs, and NSE alone accounted for 23% of these listings. The exchange facilitated 268 IPOs:

• 90 IPOs on the Main Board, raising over ₹1.59 lakh crore ($18.57 billion) excluding REITs, InVITS, and FPOs. 
• 178 SME listings, raising around ₹7,349 crore ($0.86 billion).

A standout performer was Hyundai Motor India Ltd., which raised $3.3 billion, marking India’s largest IPO and the second largest globally in 2024.

Outpacing Asian and Global Exchanges

NSE surpassed leading Asian exchanges like:

• Japan Exchange Group – 93 IPOs.
• Shanghai Stock Exchange – 101 IPOs.
• Hong Kong Stock Exchange – 66 IPOs.

In terms of funds raised, NSE led with $19.5 billion, outpacing:

• NASDAQ (USA) – $16.5 billion.
• NYSE (USA) – $15.9 billion.
• Shanghai Stock Exchange (China) – $8.8 billion.

A Reflection of Economic Resilience

Shri Sriram Krishnan, NSE’s Chief Business Development Officer, attributed the achievement to India’s robust economic growth and companies’ increasing reliance on public markets to fund their expansion.

NSE’s Contribution to Capital Markets

As India’s premier exchange, NSE has continuously innovated and expanded its platform. Highlights include:

• Market capitalisation growth by 114 times in 30 years—from ₹4 lakh crore to ₹438.9 lakh crore ($5.13 trillion).
• Hosting 11 crore unique investors across 99.8% of India’s PIN codes.
• Handling 20 billion orders and 285 million transactions on peak days.

NSE’s Nifty 50 Index, launched in 1996, remains a benchmark for tracking India’s largest and most liquid stocks.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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