Companies raised over Rs 52,000 crore through mainboard IPOs in 2023, demonstrating resilience amidst global volatility driven by rising interest rates and geopolitical risks. 

However, the number of issues rose, marking a dynamic trend. Despite this, experts maintain a strong bullish outlook on the IPO market for 2024. Excluding LIC’s blockbuster maiden public issue of Rs 20,557 crore in 2022, the collection from initial public offerings (IPOs) increased by an impressive 36% this year.

2023 has unequivocally been the year of initial public offerings, witnessing 173 small and medium-sized enterprises (SMEs) and 52 mainboard listings. The market has seen outstanding debuts and subscriptions.

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