HomeNewsBusinessIPOIPO Watch: Here's how India's IPO market fared in 2024

IPO Watch: Here's how India's IPO market fared in 2024

India had risen to the top in global IPO volumes for the first time in 2024.

February 27, 2025 / 10:08 IST
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At $19.9 billion, IPO volumes in 2024 were the highest in over two decades for India.
At $19.9 billion, IPO volumes in 2024 were the highest in over two decades for India.

As markets continue to see consistent selloff, investors shy away from markets in fear of great losses. The market downturn has also affected IPOs which saw a strong decline in premiums since the beginning of the year. This however is in sharp contrast to 2024 which saw a boom in IPO volumes over heightened market participation amid strong investor interest.

According to the 'EY Global IPO Trends 2024' report released in December, India had risen to the top in global IPO volumes for the first time in 2024. It left behind US which had 183 issues. India also listed more than two and half times as many as those seen by Europe.

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At $19.9 billion, IPO volumes in 2024 were the highest in over two decades for India.

The US however grabbed the top spot globally in terms of IPO proceeds ($32.8 billion) in 2024, for the first time since its 2021 peak. It also continued to be the leading IPO destination for international listings with 101 deals accounting for 89 per cent of such transactions.