IPO count rises in 2023, but amount lags

In 2023, 58 IPOs were listed, raising nearly Rs 49,500 crore. The absence of mega-issues made it the fourth-highest grosser in the past 10 years. Investors focused on listing gains, but a report highlights the opportunity for higher gains after listing. Only one IPO, Tata Technologies, doubled investor money on listing, while others did not. IREDA almost doubled on debut and has tripled in value since listing. The IPO pipeline for 2024 looks strong, with Ola Electric Mobility expected to be a mega IPO raising around Rs 10,000 crore.