India’s IPO Boom: A Record-Breaking Year

India’s IPO market is soaring, raising $17.3 billion in 2024 so far, marking one of its best performances ever. This surge places India as the second-largest IPO hub globally, only behind the U.S. The growth is driven by strong investor demand, robust returns, and successful listings like Swiggy and Hyundai Motor. A booming economy, increased retail investor participation, and a record 179 million demat accounts reflect the nation’s investment appetite. With over 220 IPOs this year, including major SME listings, India is set to continue dominating Asia’s IPO landscape.