India Leads IPO Landscape in Asia-Pacific with 200 Listings in 2024, While China Struggles
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New Delhi, Dec 27 (NationPress) India has taken the lead in the initial public offering (IPO) sector throughout the Asia-Pacific region, with over 200 firms opting for public issues in 2024, as per a report published on Friday.
In contrast, China experienced a significant decline in IPOs, plummeting by 51.3 percent due to stricter regulations. The nation only managed to launch 64 IPOs, which collectively raised just over $5.2 billion.
India’s IPO market witnessed a remarkable surge this year, with total proceeds reaching $11.2 billion, which more than doubled the $5.5 billion raised in 2023, according to GlobalData, a prominent data and analytics firm.
“The pipeline for 2025 looks even more promising, driven by soaring retail participation, substantial domestic inflows, and foreign portfolio investors (FPIs) showing strength even as net sellers in the secondary market,” stated Murthy Grandhi, an analyst at GlobalData.
Hyundai Motor spearheaded the initiatives in India with a massive $3.3 billion IPO, followed by Swiggy with $1.3 billion. Other significant offerings included NTPC Green Energy with $1.2 billion, Vishal Mega Mart aiming to raise $0.9 billion, and Bajaj Housing Finance with $0.8 billion.
This outstanding year signifies both issuer confidence and the relentless investor demand for initial listing gains and long-term growth opportunities within the country.
According to Grandhi, rising private capital investments and the government's focused strategy on infrastructure and core sectors have created an ideal environment for capital market vibrancy.
“India’s IPO surge is not merely a numbers game; it serves as evidence of the resilience and advancement of its financial ecosystem, establishing it as a global hub for fundraising activities,” the analyst emphasized.
The IPO market across the Asia-Pacific (APAC) region showed impressive resilience in 2024, maintaining a consistent upward trend despite a challenging inflationary backdrop and ongoing geopolitical issues.
The APAC market experienced a noteworthy rise in IPO activity, with 604 listings that raised a total of $33.9 billion. This marks a 21.5 percent increase in IPO proceeds compared to 2023.
The IPO sector in APAC was predominantly led by the technology and communications sector, accounting for 118 transactions valued at $3.8 billion, followed closely by financial services, which recorded 60 deals worth $2.6 billion.
