This put India at the forefront among the global IPO list in terms of share size since it cornered an absolutely massive 36 per cent out of total listings well ahead of US with13 per cent share as observed in a report issued Tuesday.
Another excellent performance showed by the markets where its IPO returns touched an estimated 65.3 year-to-date significantly outperformance of 14.9percent gain witnessed by BSE Sensex, noted in the report by EY India.
The Indian main market experienced 27 IPOs in Q3 2024 against 13 in the final quarter. The sum raised in the main markets by Q3 2024 was $4.285 billion compared to $1.992 billion in Q2 2024.
That means the sum amount has increased by 115 percent, and the numbers of deals have gone up by 108 percent.
Besides this, the SME segment in Q3 2024 received $398 million in 84 IPOs, and for Q2 2023, the numbers are $208 million in 60 IPOs.
So, this portrays that the Indian stock exchanges have gained the highest quarterly listings ever in two decades and continue to be on the top of global IPO activity.
The remarkable momentum in India's IPO market reflects the increasing maturity of our capital markets and growing investor confidence. As we continue to see strong participation from both domestic and international investors, India is cementing its position as a preferred destination for companies seeking to go public, said Prashant Singhal, India Markets Leader, EY India.
Consumer retail products, diversified industrial products, real estate, hospitality, and construction sectors continue to lead in IPO activity in main as well as SME markets.
The favorable macro environment that has been developed for such tailwinds of an IPO activity; interest rate is expected to moderate into 6.2% by 2025; inflation is forecasted into 4.5%.
Looking forward, the spurt in filings, coupled with healthy secondary market performance, suggests that momentum in India's IPO market will continue.
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