Market Views: Will India’s IPO market scale new highs in H2?
India's stock market surge has fuelled frenzied IPO activities in the first half. Will the party continue for the rest of the year? Fund managers share their views and explain what it means for foreign investors.
India’s surging stock market has been in the spotlight for several months now.
Accompanying this is a red-hot initial public offering (IPO) market, one of the hottest and best-performing globally in the first half of 2024, buoyed by surging valuations and promising economic fundamentals.
Between January and July, more than 150 companies raised nearly $5 billion through IPOs in India, nearly double the amount raised in the same period last year, according to LSEG data.
The bigg…
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