Blockbuster IPO season breaks 11-year-old unhealthy OFS record

The IPO season in 2024 has broken an 11-year record with fresh issues surpassing offers for sale. This trend indicates companies are raising funds for growth and expansion rather than deleveraging. Major IPOs include Ola Electric Mobility, Bajaj Housing Finance, and Firstcry. The pipeline remains strong with upcoming IPOs from Hyundai Motor India and Swiggy.