IPO wave in India has no reason to cease, say analysts


MUMBAI: India, which has emerged because the second-largest IPO market on the world league desk, has raised $4 billion thus far this yr. With NDA returning to kind the subsequent govt, hopes of coverage continuity ought to lengthen the IPO growth all through the remainder of 2024.
The $4 billion raised by India is about 45% lower than what it collected in all of 2023, LSEG knowledge exhibits, however outperforms China ($3 billion) and Saudi Arabia ($2.1 billion).The quantity can also be increased than the mixed quantity raised in Turkey, Hong Kong and South Korea. The US is the biggest IPO market, having raised $14 billion thus far in 2024, in accordance to LSEG. From quantity 11 in 2019, India secured the third place globally in phrases of IPO proceeds after the US and China in 2023.

India has hosted 113 IPOs between Jan this yr and now. “Amidst general elections, the primary market remained vibrant with the solid response to certain IPOs like Awfis Space Solutions. Confidence can be gauged by these offerings that have been launched amidst elections… Looking ahead, the market is set to witness a flurry of IPOs, from new-age business as well as from conventional business segments,” stated Mahavir Lunawat, MD at funding financial institution Pantomath Capital Advisors.
Several firms corresponding to Hyundai Motor India, Tata Capital, Ola Electric Mobility, and Swiggy, and NSDLare launching their IPOs.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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