India’s IPO Surge: 23% of Global Listings & Billions Raised

India took the lead as a globally dominant player in IPO activity with 23% of the global total. A total of 268 IPOs were recorded in the country, which included 90 on the mainboard and 178 on the SME, which in conjunction gathered funds amounting to $19.5 billion. Hyundai Motor India's ₹27,870 crore ($3.7 billion) was the largest in India and the second-largest globally for the year. This acted as a booster for India to surpass the U.S. in I 

PO  volume, the NSE overtaking major U.S. exchanges in terms of funds raised. Key to the exceptional performance has been robust economic growth and corporate earnings during the first half of the year. 

 

Source: Hindustan Times