Key Points
The IPO market had a robust fiscal 2024, with as many as 75 companies accessing the public markets, the highest in the last two financial years...
Some of the most-awaited IPOs, including Tata Technologies, IREDA, JSW Infra, and Cello World among others hit the primary markets during the year, and received huge subscriptions with positive listing day movement...
However, the euphoria was not just limited to the listing day..
Notwithstanding the spirited investor sentiments and buoyant primary market, the fiscal year also saw some companies failing to keep up with public scrutiny post listing..
"The flow of liquidity in mutual funds as well as financial performance of newly-listed companies' business will decide whether more and more smaller companies would look towards public markets going forward," said Aastha Jain of Hem Securities...
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