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IPO pipeline for FY24 remains strong, 54 firms likely to raise ₹76,189 cr


The fiscal year FY24 is quickly approaching, and the initial public offering (IPO) market’s pipeline appears robust. Thursday, Prime Database reported that 54 businesses had proposed raising a significant amount. 76,189 crore currently have approval from SEBI. Other than this, another 19 organizations are anticipating endorsement from the market guard dog while they need to raise 32,940 crores.

Out of these three businesses, prime database identifies four NATCs seeking approximately 8,100 crores in funding.

“While weakness in the secondary market still prevails due to a combination of domestic and foreign factors, IPO activity is likely to remain muted for the first few quarters,” stated Pranav Haldia, Managing Director of Prime Database Group.

“Some small-sized IPOs may occur. However, considering the ongoing lack of interest from FPIs, it will take some time before we see large deals, Haldia stated.

Prime Database also revealed that, compared to 144 in 2021-22, 68 businesses filed applications for approval with SEBI during the fiscal year 2022-23, including Tata Play’s first “pre-filing” case in December 2022. Filed offer document. Then again, 37 organizations are hoping to raise around 52,060 crore dropped its endorsement in 2022-23, 12 organizations need to raise 10,386 crore pulled out its deal record and SEBI returned the proposition report of other 9 organizations 20,330 crores.

In total, 37 businesses launched initial public offerings (IPOs) in FY23, raising 52,116 crores, which is half of the all-time high of 1,11,547 crores raised in FY22 by 53 IPOs.


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