India’s smallcap companies have had a lion’s share of Private Equity (PE) and Venture Capital (VC) firms exiting their stake in part or in full in 2024, a recent note from Nuvama Alternative and Quantitative Research stated.
Out of the 103 unique companies that saw 165 deals worth ₹1.13 lakh crore take place during the course of the year, 48% or ₹53,900 crore ($6.3 billion) worth of deals took place in the Smallcap companies, the note stated. Midcap companies stood second with 34% of the deals worth ₹38,300 crore, while largecap companies saw deals worth ₹20,800 crore or 18% of the total transactions.
The total number and value of the deals is also higher than calendar year 2023, where 78 unique companies saw deals worth ₹97,500 crore take place across market cap categories.
Here are some of the largest deals that took place within smallcap companies during the course of the year:
| Stock | No. Of Deals | Value (₹ Crore) |
| Five Star Finance | 2 | 4,900 |
| Aster DM Healthcare | 2 | 3,500 |
| Sagility India | 1 | 2,100 |
| Honasa Consumer | 3 | 2,000 |
| Aadhaar Housing Finance | 1 | 2,000 |
| PNB Housing | 3 | 2,000 |
| Northern Arc | 1 | 1,800 |
Nuvama also wrote in its note that out of the 103 unique companies that saw deals in 2024, 65% of those are currently trading above their deal price, reflecting an average gain of 22%. The note cited the example of companies like Paytm, shares of which are up over 2.5x after Ant Fin exited in March 2024 and Prudent Corporate Advisory Services, whose shares rose 140% after TA Associates sold its stake in February this year.
In 2024, 447 companies saw insider deals, including buying and selling and that resulted in net selling to the tune of ₹1.3 lakh crore, according to the Nuvama note, which highlighted significant selling in stocks like IndiGo, ITC, Whirlpool and Nuvama Wealth.
| Stock | Value (₹ Crore) |
| IndiGo | 19,700 |
| ITC | 17,500 |
| Whirlpool Of India | 7,700 |
| Mphasis | 6,700 |
| Nuvama Wealth | 6,400 |
| Bharti Airtel | 5,800 |
| Vedanta | 4,200 |
On the flip side, insider buying was seen in shares of Jindal Stainless, Adani Power and Adani Energy Solutions.
| Stock | Value (₹ Crore) |
| Jindal Stainless | 900 |
| Adani Power | 900 |
| Adani Energy Solutions | 500 |
| Poonawalla Fincorp | 300 |
Content retrieved from: https://www.cnbctv18.com/market/smallcap-stocks-pe-vc-selling-54000-crore-paytm-indigo-itc-honasa-shares-insider-buy-sell-19528178.htm.
