Seizing the waves, the Indian market has recently set off an unprecedented investment boom. This year, the SenseX index surged like a huge wave, creating an impressive all-time high. The successive victories of the Bharatiya Janata Party (BJP) in the local elections have been in the spotlight and have also brought strong optimism to the upcoming initial public offering (IPO) in 2024.
As the ** continues to climb, India's total IPO fundraising this year has decreased by 16%, but it still performs well, far surpassing the Hong Kong market, accounting for a record high of 598%。A series of successful IPOs, such as Mankind Pharma, Nexus Malls and the IPO of Tata Technologies, have added a touch of color to the market.
The 2024 IPO plan is also becoming more and more compact. At least five companies plan to step on the IPO stage next year, including SoftBank's favored Ola Electric, FirstCry and Swiggy. This trend is not confined to just a few companies, as investor confidence in the Indian market continues to grow, and many more are rapidly accelerating the pace of IPO preparations.
However, behind all this, in addition to the prosperity of the market, there is also the policy stability brought about by Modi's leadership. Bankers and analysts generally believe that the continuity of this policy will continue to bring a boom to the Indian IPO market, indicating that 2024 could be a record year for the Indian IPO market.
Overall, India's persistence, election victories and rising investment enthusiasm have combined to breed a booming IPO market. The hope and potential of this momentum may be a harbinger of the future, and 2024 will be a new milestone for the Indian IPO market.