India’s initial public offering ecosystem is thriving despite lackluster market performance and foreign investor retreats.
IPOs have hit a record of $19.6 billion this year, surpassing 2024’s blockbuster showing, Bloomberg reported. Companies are bullish in part because there’s room for growth in the country’s retail investing sector: Only 15% to 20% of Indian households invest in equities and mutual funds, compared to 50% to 60% in the US, a recent Bain report found.
Foreign investors, meanwhile, have grown more concerned over the rupee’s depreciation and the lack of a US-India trade deal, pulling out a net $17.7 billion this year.
