Demand for Public Offerings in India Exceeded $19.6 Billion

Record Demand for IPOs in India

India has reached a record level of initial public offerings (IPOs) with increasing investor demand. The total value of IPOs conducted in the country has risen to a record amount of 1.77 trillion rupees (approximately 19.6 billion dollars).

Previous Record Surpassed

According to data provided by Bloomberg, the revenue generated this year has surpassed last year's peak figure of 1.73 trillion rupees, marking a significant achievement.

Future IPO Plans

One of the notable IPOs is the 1.2 billion dollar deal conducted by ICICI Prudential Asset Management Co.. Additionally, five more IPOs are expected to be completed by December 16 or earlier.

Role of Individual Investors

This increase demonstrates how India's capital markets have become an important fundraising hub, bolstered by a growing base of individual investors and institutional appetite. Foreign institutional investors continue to play an active role in IPOs, despite selling nearly record levels of Indian shares due to growth expectations and the appeal of a stable political environment.

Risks and Overvaluations

However, these positive observations also bring along some risks. Overvaluations can lead to poor performance for certain companies post-IPO. According to Bloomberg data, approximately half of the more than 300 companies trading on the stock market this year are trading below their IPO prices. This group includes major names such as Tata Capital, JSW Cement, and WeWork India Management.