Public Equity Fundraising Increased By A Huge 142 Pc To Rs 1.86 Lakh Crore
Average listing gain (based on closing price on listing date) increased to 29 per cent, in comparison to 9 per cent in 2022-23.
Stay updated with breaking news from Tata Technologies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Average listing gain (based on closing price on listing date) increased to 29 per cent, in comparison to 9 per cent in 2022-23.
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
Kotak Institutional Equities retained its 'Sell' rating on shares of KPIT Technologies Ltd, L&T Technology Services Ltd (LTTS), Tata Elxsi Ltd and Tata Technologies Ltd. It prefers Cyient, Infosys and TCS.
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
Overall public equity fundraising increased by a huge 142 per cent to Rs 1.86 lakh crore in 2023-24 from Rs 76,911 crore in 2022-23.Pranav Haldea, Managing Director, Prime Database, said 76 Indian corporates raised Rs 61,915 crore through main ...