India's IPO Market Set For Another High After Landmark Year For Fundraising

Summary

• Fundraising via IPOs in India is set for another landmark year after economic growth, favorable market conditions and improvements in the regulatory framework helped companies raise record amounts in 2024.
• The year-to-date IPO count grew 22.6% from 243 listings in 2023, while fundraising volumes jumped 139% from 588.27 billion rupees.
• India retains the lead in global growth, S&P Global Ratings said in a Nov. 27 report, with the country's GDP forecast to grow 6.8% in the fiscal year ending March 31, 2025.
• India's capital market is also getting a lift from the growing popularity of mutual funds among local investors seeking higher returns than traditional savings options such as fixed deposits with banks.

lakshmiprasad S

Fundraising via IPOs in India is set for another landmark year after economic growth, favorable market conditions and improvements in the regulatory framework helped companies raise record amounts in 2024.

A total of 298 companies listed on