The National Stock Exchange (NSE) has recorded the highest number of IPOs in Asia and the highest equity capital raised in the primary market globally in the calendar year 2024, with 268 successful IPOs across the Mainboard (90) and SME (178) segments, raising Rs. 1.67 lakh crore. In 2024, a total of 1,145 IPOs were raised globally, compared to 1,271 in 2023. India led the chart, with the NSE facilitating 268 companies going public, raising a total of approximately ₹1.67 lakh crore ($19.5 bn), including the largest IPO in India and the second-largest globally—the $3.3 bn IPO of Hyundai Motor India Ltd. This figure includes both Mainboard and SME listings, with 90 companies (excluding REITs, InvITs, and FPOs) listed on the Mainboard, raising over ₹1.59 lakh crore ($18.57 bn), while 178 SMEs collectively raised around ₹7,349 crore ($0.86 bn). This increase in activity reflects strong investor interest and a trend among companies seeking public capital for growth.

Mr. Sriram Krishnan, Chief Business Development Officer (CBDO) of the NSE, stated that the record number of IPOs in 2024 highlights the resilience and potential of the Indian economy. Companies across various sectors are recognising the value of public markets to support their growth strategies. In fact, the data suggests that the NSE alone has facilitated more IPOs than the top exchanges in Asia, including Japan’s Japan Exchange Group, Hong Kong’s Hong Kong Stock Exchange, and China’s Shanghai Stock Exchange, combined. Furthermore, the NSE has facilitated the highest amount of funds raised through IPOs in 2024, with $17.3 billion, compared to other global exchanges such as the NYSE, which raised $15.9 billion, and the Shanghai Stock Exchange, which raised $8.8 billion.