India’s IPO market is surging in 2024, with 227 companies raising a combined $12.2 billion in just the first eight months—a nearly threefold increase from the $4.3 billion raised during the same period in 2023, according to GlobalData.
Explosive Growth in IPO Listings
India’s stock markets are experiencing historic highs, and this momentum has spilled into the primary market. September alone saw 47 companies debut on the stock exchange, collectively raising Rs 16,152 crore. This boom underscores India’s prominence in the Asia-Pacific IPO space, where 575 listings have raised $23.7 billion this year.
Key Drivers Behind the Boom
Post-pandemic economic recovery, the rise of tech startups going public, increasing retail investor participation, and foreign capital inflows have all contributed to this surge. India’s IPO market, supported by a favorable regulatory environment, has attracted both domestic and international investors, highlighting the country’s growing economic influence on the global stage.
With a pipeline of companies lined up for IPOs, the future of India’s capital markets looks bright.
