India's IPO market hits new heights in 2024 with record proceeds of US$11.2 billion. This figure is double the amount of US $ 5.5 billion raised in 2023. According to Global Data report, this growth reflects the development of India's financial ecosystem and the growing confidence of investors.
India has several large IPO launches in 2024, including Hyundai Motor (3.3 billion USD), Swiggy (1.3 billion USD), NTPC Green Energy (1.2 billion USD), Vishal Mega Mart (0.9 billion USD) and Bajaj Housing Finance (0.8 billion USD). USD) are included. These IPOs not only proved beneficial for investors but were also helpful in maintaining the market momentum.
Many factors are responsible behind this surge. Emphasis on infrastructure and core sector development by the government, increased capital expenditure in the private sector, and active participation of domestic and foreign investors strengthened this market. Increasing participation of retail investors and prospects of better returns on listing day also boosted this growth.
India performed the best in the Asia-Pacific region, where more than 200 companies went public. A total of USD 33.9 billion was raised through 604 IPOs in this sector, of which India was the major contributor.
Japan recorded a 275% increase with USD 12.6 billion, while Malaysia raised USD 1.1 billion. In contrast, there was a 51% decline in China, where USD 5.2 billion was raised through only 64 IPOs.
Analysts believe that the IPO market of 2025 will be even stronger. India is expected to get bigger opportunities due to the activism of retail investors, domestic capital inflows, and strong pipeline.
