In a remarkable showcase of economic vitality, India has climbed to the pinnacle of global IPO activity, outpacing both the US and Europe according to a comprehensive report by Pantomath Group, a leading financial services conglomerate. The report highlights that India hosted twice as many IPOs as the US and 2.5 times more than Europe in 2024, cementing its position as the world’s leader in IPO volume.
Mahavir Lunawat, Managing Director of Pantomath Capital, commented on the trajectory, stating, “With the continued momentum in the markets, we now project that equity raised through IPOs will cross Rs 2 lakh crore in the year 2025. This milestone is a testament to the resilience of India’s capital markets, the confidence of investors, and the critical role IPOs play in fueling economic growth.”
The report further elaborates on India’s economic surge, detailing the country’s sectoral advancements and its dominance in the IPO market, which collectively position India as an emerging global economic powerhouse. Over the first 11 months of 2024, 76 companies in India managed to raise Rs. 1.3 trillion, driven by favorable regulatory reforms and robust investor confidence that held steadfast even during market downturns.
Moreover, the year saw a significant uptick in Qualified Institutional Placements (QIPs), with 91 deals amassing a record Rs 1,29,200 crore. This figure not only surpasses the Rs 52,300 crore raised in the previous year but also exceeds the previous peak of Rs 80,500 crore from 2020, setting a new all-time high.
Lunawat also pointed out the strategic benefits of listing in India for multinational corporations, noting, “Factors such as reduced capital costs, a wide consumer market, and a robust regulatory regime encourage global players to consider Indian markets for their equity offerings.”
The sectors leading this financial surge include real estate, utilities, automobiles, metals, and PSU banks, which together accounted for 57% of the total QIP issuances. Notably, six of these issues have returned over 100% above their initial offering prices, with more than two-thirds of the stocks providing positive returns to investors since their launch.
This surge in IPO and QIP activities underscores India’s growing stature in the global financial landscape, promising a vibrant future for both domestic and international investors.
