NEW DELHI: India’s IPO market achieved a historic milestone, with proceeds doubling from $5.5 billion in 2023 to $11.2 billion in 2024 says Global Data report.
Murthy Grandhi, Company Profiles Analyst at GlobalData, says 2025 guarantees even larger fireworks. He stated, “India’s IPO market hit a bull run in 2024, with proceeds skyrocketing to $11.2 billion–more than doubling the $5.5 billion raised in 2023. The pipeline for 2025 promises even bigger fireworks, fueled by skyrocketing retail participation, hefty domestic inflows , and FPIs flexing their muscles despite being net sellers in the secondary market.”
He added, “This blockbuster year reflects issuer confidence and investors’ insatiable appetite for listing-day pops and long-term growth plays.”
The authorities’s emphasis on infrastructure and core sector growthmixed with elevated personal capital expenditure, performed a pivotal position in enhancing market dynamism.
Grandhi emphasised that India’s IPO increase is greater than only a numerical achievement–it signifies the evolution and resilience of the nation’s monetary ecosystem, establishing India as a world hub for capital fundraising.
India’s key IPOs in 2024 included Hyundai Motor’s $3.3 billion difficulty, Swiggy’s $1.3 billion providing, NTPC Green Energy’s $1.2 billion IPO, Vishal Mega Mart’s $0.9 billion itemizing, and Bajaj Housing Finance’s $0.8 billion difficulty.
Other Asia-Pacific (APAC) nations additionally reported vital IPO exercise. Japan skilled an outstanding 275.1 per cent growth, with 69 IPOs producing $12.6 billion, whereas Malaysia recorded a 145.9 per cent improve, with 36 IPOs elevating $1.1 billion.
However, China noticed a considerable decline in IPO numbers, with a 51.3 per cent drop attributed to tightened rules. The nation had 64 IPOs, elevating simply over $5.2 billion.
The area recorded 604 IPOs, elevating a complete of $33.9 billion–a 21.5 per cent improve in proceeds in comparison with 2023. Among APAC nations, India stood out as the highest performer, with over 200 corporations going public, based on Global Data, a Prominent information and analytics agency.
The APAC IPO market was led by the know-how and communications sector, which recorded 118 transactions price $3.8 billion, adopted by the monetary companies sector, with 60 offers amounting to $2.6 billion.
On the broader APAC entrance, standout offers included Lineage Inc’s $4.4 billion IPO and Tokyo Metro’s $3.2 billion itemizing, each in Japan.
The report said that globally too, 2025 IPO market will surpass 2024 IPO exercise, with a powerful pipeline already in place.
However, the trajectory will rely upon world elements resembling Federal Reserve fee choices and the efficiency of rising markets.
