New Delhi: The year 2024 has been historic for the Indian stock market as companies have raised a record capital of over Rs 3 lakh crore so far this year through Initial Public Offerings (IPOs), Qualified Institutional Placements (QIPs), and Rights Issues, breaking the previous record of raising capital – Rs 1.88 lakh crore in 2021.

According to reports, 90 companies have raised or announced fundraising of Rs 1.62 lakh crore so far this year, which is 2.2 times more than last year’s Rs 49,436 crore.

The amount raised through new issues in 2024 is around Rs 70,000 crore, compared to Rs 43,300 crore in 2021.

So far, in 2024, 88 companies have raised Rs 1.3 lakh crore through QIPs. In 2020, 25 companies raised the highest amount, Rs 80,816 crore.

So far, 20 companies have raised about Rs 18,000 crore through rights issues. Last year, this figure was Rs 7,266 crore; in 2022, it was Rs 3,884 crore.

This figure is also expected to increase in the last two weeks of 2024, as this week, IPOs of companies like DAM Capital Advisors, Ventive Hospitality, Carraro India, Senores Pharmaceuticals, Transrail Lighting, Concord Enviro Systems, Sanathan Textiles, and Mamta Machinery are open.

Experts say the large amount of funds raised by companies is due to the high economic growth rate, which has led to increased capital expenditures for expansion. This also shows the increasing confidence of investors in the equity market.

The Indian economy’s growth rate was 8.2 percent in the financial year (FY) 2023-24. According to the Reserve Bank of India, it is estimated to be 6.6 percent in the current financial year (FY 2024-25).

 

 

 

 

 

 

 

–IANS