In terms of the number of IPOs, India's share in the global pie has increased sharply
Mahavir Lunawat,
Managing Director,
Pantomath Capital Advisors
IPO Commentary for the week
Mumbai, November 3, 2023: In the primary market during the week 28 October - 3 November, mainboard IPO of Cello World, Honasa Consumer and ESAF Small Finance Bank opened to raise INR 4,064 crore.
In terms of the number of IPOs, India’s share in the global pie has increased sharply. In 2021, India’s share in the total number of IPOs globally stood at 6 per cent. It surged to 11 per cent in 2022. In the first half of 2023, India’s share in the number of global IPO’s has rose to 13 per cent.
India’s IPO sector is booming with the country emerging as the global leader in the number of public offers this year. The stampede to market is expected to keep going well into 2024 with investors encouraged by strong listing gains and a robust economy. This month alone, there are 14 IPOs slated.
Next week looks promising, the focus is on Protean eGov Technologies and ASK Automotive are opening to raise Rs 1,324 crores of funds.
So far during 2023 YTD, 39 IPOs hit the street and raised INR 35,131.96 Crore (USD 4.22 Bn).
