NSE Claims Top Spot Among Asian IPOs; Raises Record-High ₹1.67 lakh Crore in 2024

National Stock Exchange (NSE) has emerged as the leading player in Asia by clocking the highest number of IPOs in the continent in 2024. The stock exchange raked in ₹1.67 lakh crore, the largest-ever fundraising globally from the primary market.

NSE said it has facilitated 90 mainboard IPOs and 178 SME listings, while reiterating growing confidence among Indian investors.

Notably, initial public offering (IPO) activity shrunk to 1,145 listings in 2024 as compared to 1,271 in 2023. However, India contributed about 25% of IPO activity in Asia in 2025.

In a statement the exchange said, “India led the chart with NSE facilitating 268 companies going for IPOs raising total fundraise of approximately ₹1.67 lakh crore ($19.5 billion), including the ₹27,735 crore ($3.3 billion) public issue of Hyundai Motor India, the largest-ever in India and the second-largest globally in 2024.”

Among the IPOs registered in the country, close to 90 companies on NSE’s mainboard contributed ₹1.59 lakh crore, while 178 SMEs collectively raised ₹7,349 crore.

Sriram Krishnan, Chief Business Development Officer at NSE said, “The record number of IPOs during this calendar year highlights the resilience and potential of the Indian economy.”

NSE has also beaten global exchanges by registering the highest amount of fundraising via IPOs in 2024 by amassing $17.3 billion. It left behind the NYSE and Shanghai Stock Exchange, which raised $15.9 billion and $8.8 billion respectively.