India Sees $16 Billion Raised Through Share Sales in 2024!

In 2024, Indian companies have made a big splash by raising an impressive $16 billion from large investors through share sales. This is happening even during a time when such activities usually slow down. Many companies are eager to get funds, and on one day alone, three firms, including Mankind Pharma, known for making condoms, and Gravita India, which recycles electronic waste, started secondary sales to collect over $400 million.

These kinds of sales, called Qualified Institutional Placements (QIPs), allow companies to gather money from big investors like mutual funds and insurance companies with less paperwork. Neha Agarwal, who leads equity capital markets at JM Financial, explained, “It’s a simple way to access smart money.” This money is extremely useful for companies, especially as they want to pay off debts and invest in their businesses.

Besides that, India has become one of the top places in the world for new public share sales in 2024. So far, more than 300 companies have raised nearly $18 billion through public listings. This success is due to strong interest from regular investors and global funds that are eager to invest.