Reported 8 months ago
India's IPO market has been thriving since last year, with a total of 130 companies listed in 2024 raising a total of INR 313 billion. This pace suggests that India is on track to surpass last year's IPO numbers and set a new record. The surge in IPOs in India is attributed to policies from the Securities and Exchange Board of India, increasing retail investor participation, and a bullish stock market, particularly driven by technology startups like Swiggy, Ixigo, Unicomcommerce, and MobiKwik. Indian IPOs are not only attracting domestic companies but also expanding their appeal to foreign companies like Hyundai India aiming to raise $2.5 billion through IPO. However, concerns have been raised about the overheated market valuations, with India's stock market currently valued at around 21 times earnings.
Source: YAHOO