Riding high on the tide of a surging stock market, 2024 is expected to be a historic year for India’s IPO landscape. With almost ₹100 lakh crore raised in total from the IPO, investor enthusiasm is at an all-time peak.
Major firms like Ola Electric, with ₹6,145 crore, and Vodafone Idea, with an astounding ₹18,000 crore raised, are leading the surge. Around 38 initial public offerings (IPOs) have occurred in 2024, with an average listing gain of 25% and average gains following debuts of 49% until now.
This remarkable performance highlights the strength of the market and the immense potential for investors in India’s fast-growing economy. Here is a sneak peek into India’s biggest IPOs of 2024 amid the stock market boom.
List of India’s Biggest IPOs for 2024
| Issuer | Listing Date | Issue Size | Listing Gain |
| Ola Electric Mobility Limited IPO | 9th Aug, 2024 | ₹6145.56 Cr | 76.00 (0.00%) |
| Telecom Operator Bharti Hexacom IPO | 12th Apr, 2024 | ₹4275.00 Cr | 755.00 (32.46%) |
| Aadhar Housing Finance IPO | 15th May, 2024 | ₹3000.00 Cr | 315.00 (0.00%) |
| Emcure Pharmaceuticals IPO | Jul 10, 2024 | ₹1952.03 Cr | 34.81 |
| Bharat Highways Infrastructure Investment IPO | Mar 12, 2024 | ₹2500 Cr | 3.05 |
Top 5 Biggest IPOs for 2024 in the Midst of Stock Market Boom
Here is detailed information about the top IPOs in 2024. Applying for IPOs is simple – open free demat account and apply for an IPO in minutes, that too via UPI!
- Ola Electric
Ola Electric, an Indian electric vehicle manufacturer made headlines with its IPO in 2024. The company reported a significant increase in revenue, rising to ₹5,009.8 Cr in FY2024. The interest from major investors like Fidelity and Nomura underscores the market’s confidence in Ola Electric’s potential.
- Telecom Operator Bharti Hexacom
In its initial public offering, Indian telecom provider Bharti Hexacom received bids totaling ₹702.51 billion, exceeding its offer size of ₹42.75 billion in 2024.
According to data from the National Stock Exchange of India, investors bid for 1.23 billion shares at a price range of 542 to 570 rupees per share, which was 29.88 times higher than the 41.2 million shares offered.
- Aadhar Housing Finance
Aadhar Housing Finance, a significant player in the affordable housing finance sector, completed its IPO in May 2024. Bidding for the Aadhar Housing Finance IPO began on May 8, 2024, and it concluded on May 10, 2024.
The company intends to raise ₹3,000 crore from the issue at the higher end of the price band. The price range for the Aadhar Housing Finance IPO is ₹300 to ₹315 per share.
- Emcure Pharmaceuticals
Emcure Pharmaceuticals is also a profitable investment option in the stock market as it is one of the leading players in the pharma industry. As per the sources, the company has raised ₹582 crores from 48 anchor investors at the price band of ₹ 1,008 per equity.
In FY2024 the company recorded a revenue growth of 11.33 %. Emcure Pharmaceuticals has expanded their it’s presence both domestically and internationally.
- Bharat Highways Infrastructure Investment:
Bharat Highways Infrastructure Investment is an infrastructure investment trust that was formed to buy, manage, and invest in a portfolio of infrastructure assets in India.
The company’s bidding began on February 28, 2024, and finished on March 1, 2024. Bharat Highways InvIT’s pricing range is ₹98-₹100 per share. The minimum lot size for an application is 150 shares.
Conclusion:
In 2024, India saw a surge of attractive IPOs that showed great growth and strong profits. With large firms like Ola Electric and Bharti Hexacom leading the way, there are numerous potential for investment in upcoming IPO.
