December is on track to become the busiest month for IPOs in 2024. With six companies announcing their listing plans on Monday, the total number of deals has reached 11. Investment bankers expect 2-3 more IPO launches before the year ends.
The previous record for IPO launches in a single month this year was 12 in September. However, the highest total funds raised came in October, when six companies collectively secured Rs 38,689 crore, according to Prime Database.
New IPOs Boost December Activity
The latest companies to announce IPO pricing and dates include Ventive Hospitality (Rs 1,600 crore), DAM Capital Advisors (Rs 840 crore), Transrail Lighting (Rs 839 crore), Sanathan Textiles (Rs 550 crore), Concord Enviro Systems (Rs 500 crore), and Mamata Machinery (Rs 179 crore). Most of these IPOs will open on Thursday.
Industry experts attribute the surge in IPO activity to the recent market rally. Companies have expedited their plans, aiming to leverage strong market sentiment. Many listings are scheduled before the final week of December, as foreign portfolio investors typically limit participation during the year-end holiday season.
With multiple launches expected, December is set to surpass previous months as the busiest month for IPOs this year.
Also Read: India’s Private Sector Shows Strong Growth In December 2024
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