By Sheetal Kumari | March 3, 2025
MC Markets | October 16
India could see IPOs worth up to $20 billion in the next 12 months, Citigroup Inc. said, marking the country as one of the world’s busiest IPO markets.
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So far this year, Indian IPOs have already raised $12 billion.
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Citigroup said India and Hong Kong are likely to be the most active equity capital markets globally over the next year.
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The country’s IPO pipeline is the largest on record, covering domestic and international companies across sectors like technology, healthcare and consumer goods.
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Despite concerns over US tariffs and weaker corporate earnings, local participation has helped offset the foreign outflows.
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Upcoming listings include Pine Labs, Meesho and ICICI Prudential Asset Management Co., according to Citi.
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Next year could see other large IPOs, including Reliance Jio Infocomm Ltd.
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Moneycontrol advises users to check with certified experts before taking any investment decisions.
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