FPIs exit secondary market, invest ₹1.2 lakh crore in IPOs in 2024

In 2024, foreign portfolio investors (FPIs) pulled ₹1.2 lakh crore from Indian secondary markets but invested the same amount in IPOs, showing a strategic shift in investment patterns. Pranav Haldea of Prime Database explains that high liquidity and attractive IPOs are driving this trend. Meanwhile, domestic institutional investors (DIIs) are emerging as key price setters in Indian markets.