December is shaping up to be a record-breaking month for Initial Public Offerings (IPOs), with six companies announcing their listing plans on Monday, bringing the total number of IPOs to 11 for the month. Industry insiders expect an additional 2-3 launches before the year concludes, potentially making December the busiest month for IPOs in 2024.
The previous record for IPO launches in a single month was 12 deals in September 2024. However, the highest total capital raised in a single month was achieved in October, when six companies collectively raised an impressive Rs 38,689 crore, according to data from Prime Database.
The most recent companies to announce their IPO pricing and dates include Ventive Hospitality (Rs 1,600 crore), DAM Capital Advisors (Rs 840 crore), Transrail Lighting (Rs 839 crore), Sanathan Textiles (Rs 550 crore), Concord Enviro Systems (Rs 500 crore), and Mamata Machinery (Rs 179 crore). Most of these IPOs are scheduled to open on Thursday.
IPO Surge Driven by Market Rally
The surge in IPO activity comes after a sharp rally in the stock market over the past month, which has encouraged companies to fast-track their listing plans. Market players have noted that several deals are being grouped together, with many companies avoiding the last week of December due to concerns over low participation from foreign portfolio investors (FPIs) during the year-end holiday season.
With multiple IPOs launching in a short span, December is poised to be a landmark month, capping off a year of strong investor interest and market momentum.
