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IPOs

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Indicator Baseline Latest
Capital raised via IPOs (mainboard + SME)

IPO fundraising is highly cyclical — FY2009 (GFC crash: ₹2,082 Cr) vs FY2007 peak (₹29,000 Cr) illustrates the boom-bust pattern. FY2024 was a record year. India became the world's top IPO market by deal count in 2023-24. SEBI has progressively strengthened IPO norms — T+3 listing, UPI ASBA, anchor allotment transparency. SME IPO regulation tightened in 2024 after concerns about thin float and related-party transactions.

11,278crore INR
2004-03-31
1,59,400crore INR×14.1
Number of IPOs per year (mainboard + SME)

IPO count reflects listed BSE/NSE IPOs including SME platforms. The series shows strong cyclicality — near-zero in FY2020 (COVID lockdown), then record 272 in FY2024. Wider demat account penetration (15 Cr accounts), UPI-based ASBA, and robust retail demand support market depth. Several SME IPOs have attracted regulatory scrutiny for thin float and related-party issues; SEBI tightened rules in 2024.

52IPOs
2004-03-31
272IPOs×5.2

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