The aggregate transaction value of the IPOs in 2023, however, fell more than 9% to $7.10 billion, dragged down by the absence of big-ticket listings such as Life Insurance Corp. of
The expected boom comes as companies look to take advantage of the country's robust economic growth, young population and the government's increased focus on digitisation.
India stood out as one of the few bright spots for IPOs in 2023 as activity slowed in other major markets across the globe. The number of IPOs globally fell 15.8% to 1,429 in 2023, and the aggregate transaction value was down a sharp 33.6%, the report said.
India took the third spot among global markets in terms of IPO proceeds in 2023, reflecting a shift in the sources of capital and maturing local markets, according to a PwC report released in January. The professional services firm said India's
S&P Global Ratings anticipates solid consumer and investment dynamics will propel India's real GDP growth to 6.4% in fiscal 2024, 6.4% in fiscal 2025 and 6.9% in fiscal 2026. The