Indian Startup Ecosystem Raises Over Rs 29,200 Crore In 2024, Witnesses File 13 IPOs

New Delhi: In an important yr for the Indian startup ecosystem, 13 new-age firms introduced their preliminary public choices (IPOs), as startups cumulatively raised greater than Rs 29,200 crore from the inventory marketplace. With regards to IPOs, the determine stood at 10 in 2021, six in 2022 and 6 in 2023.

This yr, 13 startups cumulatively raised Rs 29,247 crore from the money marketplace. Out of this, the contemporary factor used to be just about Rs 14,672 crore and Rs 14,574 crore Be offering for Sale (OFS). In an IPO, the cash raised underneath the contemporary factor is going without delay to the corporate. On the identical time, the cash raised underneath OFS is going without delay to the buyers and promoters of the corporate.

Amongst 13 startup IPOs, 10 have been mainboard and three have been SME IPOs. The startup IPOs come with TAC Safety, Unicommerce, MobiKwik, TBO Tek, Ixigo, Consider Fintech, FirstCry, Menhood, Awfis, Swiggy, Digit Insurance coverage, Blackbuck and Ola Electrical.

The most important IPO amongst startup firms used to be presented via on-line meals supply platform Swiggy at Rs 11,327.43 crore. Swiggy’s stocks have been indexed within the inventory marketplace at a worth of Rs 420 with a top rate of seven.69 in step with cent.

Following, EV corporate Ola Electrical used to be in 2nd position with an IPO of Rs 6,145.56 crore, FirstCry at 3rd position with an IPO of Rs 4,193.73 crore, Digit Insurance coverage at fourth position with an IPO of Rs 2,614.65 crore and TBO Tech at 5th position with an IPO of Rs 1,550.81 crore.

Amongst the entire mainboard startup IPOs, Unicommerce were given the best possible subscription of 168.39 instances, MobiKwik 119.38 instances, Awfis 108.56 instances, Ixigo 98.34 instances and TBO Tek, 86.7 instances.

Amongst the entire IPOs, TAC Safety recorded the best possible record achieve of 173.58 in step with cent, adopted via Unicommerce and Mobikwik with an inventory positive factors of 117 in step with cent and 57.71 in step with cent, respectively. With the exception of this, Ixigo, Consider Fintech and FirstCry surged 30-50 in step with cent at the record.