In 2024, the National Stock Exchange (NSE) of India achieved the highest number of IPOs in Asia, with a total of 268 listings spanning both its mainboard and SME sectors. The mainboard hosted 90 IPOs, while 178 small and medium enterprises (SMEs) debuted on the NSE’s Emerge platform. Together, these IPOs raised a total of US$ 19.53 billion (Rs. 1.67 trillion) during the year. This robust activity was partly fueled by Hyundai Motor India’s initial public offering, which raised US$ 3.3 billion, marking it as the largest IPO in India and the second-largest globally.
Globally, there were 1,145 IPOs in 2024, a decrease from 1,271 the previous year. Despite the global dip, the NSE outperformed major exchanges like the Hong Kong Stock Exchange, Shanghai Stock Exchange, and Japan’s Japan Exchange Group in the number of IPOs. Sriram Krishnan, NSE’s Chief Business Development Officer, emphasized the exchange’s leadership role in driving IPO activity in Asia.
