He said, “India’s IPO market picked up in 2024, with revenue reaching US$11.2 billion – more than double the US$5.5 billion raised in 2023. The pipeline for 2025 is even higher. Promises big fireworks, which will increase due to skyrocketing domestic funds, and FPIs are easing into them despite being net sellers in the secondary market muscles.” He added, “This blockbuster year reflects issuers’ confidence and investors’ insatiable appetite for listing-day pops and long-term growth plays.
“Government’s emphasis on infrastructure and primary sector development, coupled with increasing private capital expenditure, is instrumental in boosting market dynamics. Grandhi emphasized that India’s IPO The boom is more than just a numerical achievement — it indicates the evolution and resilience of the country’s financial ecosystem, establishing India as a global hub for capital accumulation.
Key IPOs in India in 2024 include Hyundai Motor’s USD 3.3 billion issue, Swiggy’s USD 1.3 billion offering, NTPC Green Energy’s USD 1.2 billion IPO, Vishal Megamart’s USD 0.9 billion listing, and Bajaj Housing Finance’s USD 0.8 billion issue. are included.
Other Asia Pacific (APAC) countries also reported significant IPO activity. Japan experienced phenomenal growth of 275.1 percent, with 69 IPOs generating US$12.6 billion, while Malaysia recorded a 145.9 percent increase, with 36 IPOs raising US$1.1 billion.
However, China saw a significant decline in the number of IPOs, with a 51.3% drop due to tighter regulations. There were 64 IPOs in the country, raising just over US$5.2 billion.
The region recorded 604 IPOs, raising a total of US$33.9 billion – a 21.5% increase over 2023. A leading data and analytics firm.
The APAC IPO market was led by the technology and communications sector, which recorded 118 deals worth US$3.8 billion, followed by the financial services sector, with 60 deals worth US$2.6 billion. .
On the broader APAC front, standout deals included Lineage Inc’s USD 4.4 billion IPO and Tokyo Metro’s USD 3.2 billion listing, both in Japan. Globally, the IPO market in 2025 will also outpace the IPO activity of 2024, which already has a strong pipeline, the report said.