Gujarat SMEs Ride High On IPO Boom, Raise Rs 1,609Cr in FY24

Gujarat's SMEs raised Rs 1,609 crore through IPOs in FY24, constituting 26% of the total Rs 6,096 crore garnered by SMEs across India. The number of Gujarat-based SME IPOs surged from 35 in FY23 to 53 in FY24. Funds raised by Gujarat's SMEs through IPOs skyrocketed by 142%, reflecting growth among SMEs to expand and the robust entrepreneurship in Gujarat.