The year 2024 has been a landmark year for Indian stock markets as the National Stock Exchange (NSE) market cap has risen 21 percent YoY (year-on-year) to Rs 438.9 lakh crore ($5.13 trillion) as of December 31, 2024, from at Rs 361.05 lakh crore ($4.34 trillion) on December 29, 2023, according to data released on Tuesday.
A total of 301 companies are listed on the NSE by 2024.
Of these, 90 were large companies and 178 were SME companies. At the same time, 33 companies were directly listed.
In 2024, there were 90 major IPOs. All these companies have raised a total of Rs 1.59 lakh crore. The average IPO size among large board companies was Rs 1,772 crore.
The largest IPO this year was launched by Hyundai Motor India with an issue size of Rs 27,859 crore. The smallest IPO of Rs 72 crore was launched by Vibhor Steel Tubes.
This year, 178 SME companies raised Rs 7,348 crore through IPOs. The average size of SME IPOs was Rs 41 crore. The largest SME IPO was launched by Danish Power with an issue size of Rs 198 crore. The smallest SME IPO of the year was launched by HOAC Foods India Ltd with an issue size of Rs 6 crore.
By 2024, the Nifty50 is up 8.8 percent annually.
On December 31, 2024, the NSE benchmark index closed at 23,645, compared to 21,731 on December 29, 2023.
Among the NSE indices, the Nifty Next 50 index gave the highest return of 27.4 percent. Over the same period, Nifty Smallcap 50 and Nifty Midcare 50 gave returns of 25.3 percent and 21.5 percent, respectively. The ratio of NSE market to GDP was 145 percent on December 31, 2024, which was 117 percent on December 29, 2023, showing an increase of 29 percent.