India bucks global IPO slowdown

Indian IPO activity thrives as global markets remain muted

While IPO activity in major markets such as the US and Europe remained muted, India saw a thriving IPO market with over 200 companies going public on the Bombay Stock Exchange and the National Stock Exchange in Mumbai. According to data from PitchBook, a total of 205 companies made their stock market debut in India, indicating the growing interest in the country’s stock market. In contrast, IPO activity in other parts of the world struggled to gain momentum.