New Delhi, Jan. 31 -- After a brief post-pandemic lull, India's affluent are again betting on initial public offerings (IPOs) to make a fortune.

Sample this: Of Rs.159,784.16 crore, 91 main-board companies collectively raised through public issues in 2024, Rs.20,000 crore came from high-net-worth individuals (HNIs).

HNIs are people who have investable assets exceeding Rs.5 crore.

To be sure, HNI subscription to IPOs peaked at an average of 203.28X (over Rs. Rs.26,000 crore in absolute terms) in 2020, the year of covid-19 outbreak, and has been declining since.

However, 2024 marked a revival, with subscription levels climbing to 104.80X-the highest in three years, showed data from Prime Database.







Investment bankers believe that ...