FX.co ★ India sees its IPO market booming

India has become the busiest listing market this year as a record number of small and medium-sized enterprises are going public there. Many of these firms are gearing up for their initial public offerings (IPOs). In October alone, India witnessed the public debuts of 184 firms, a number significantly higher than in previous years. Last month, 30 companies went public in India, surpassing the United States, China, and Hong Kong in new market listings. Such a robust start has attracted the attention of global investors. Analysts note that the recent growth of India's stock market has been record-breaking, with a notable increase in corporate earnings and the national economy, despite the highest interest rate since 2018. Additionally, a slowdown in China's economic growth has positively influenced business sentiment in India. Many investors are keen to tap into the capital markets before or after India's general elections. Market participants are also focusing on the country's strong economic activity. India is renowned for its favorable stance towards both local and foreign investors. However, analysts caution about potential political risks associated with the 2024 elections, believing that political instability could hinder the IPO process. This dynamic market scenario in India presents both opportunities and challenges for investors and companies alike.