India has cemented its position as the global leader in initial public offerings (IPOs) in 2024, surpassing major economies like the United States and China. According to the latest market data, India recorded 327 IPOs, significantly outpacing the U.S. (183), Europe (115), and China (98).
The surge in public listings reflects strong investor confidence, a robust domestic economy, and a thriving startup ecosystem. Several sectors, including technology, finance, and manufacturing, contributed to the IPO boom, with companies seeking to capitalize on India’s expanding equity market.
Experts attribute this remarkable growth to regulatory reforms, an influx of retail investors, and global capital shifts favoring Indian markets. Additionally, India’s economic resilience amid global uncertainties has made it a preferred destination for institutional investors.
While Hong Kong (64), Japan (84), and South Korea (75) struggled with market volatility, India maintained strong momentum in capital raising, driven by domestic liquidity and foreign inflows.
With Saudi Arabia (42), Malaysia (49), and the U.K. (10) trailing far behind, India’s IPO dominance signals a paradigm shift in global capital markets. As Indian firms continue to go public at an unprecedented rate, will this IPO boom sustain in 2025?
