India is preparing for this year's large large -scale list. The huge list may promote the value of the first public product after the 2024 blockbuster performance.
Investment bankers engaged in these listed investment said that at least seven companies this year are preparing to raise at least $ 1 billion each year. These include domestic names such as online brokerage Groww and fintech company Pine Labs. The laboratory is PayPal as an investor and a software silver -supported glasses brand Lenskart. South Korea's LG is also expected to list its Indian arms.
Compared with the three products of more than 1 billion US dollars last year, crops this year, including the listing of local businesses on the local business and the first appearance of SwIgGy, a takeaway and grocery store delivery company. Last year, India ranked the highest in the Asian IPO ranking and was only lower than the United States globally.
According to data from the Indian brokerage and asset management group Motilal Oswal, the total fundraising of public flotal stocks may exceed $ 23 billion in 2025, which is higher than $ 19.6 billion in US $ 33.6 billion last year.
It has approved 34 companies to raise $ 4.8 billion this year, and the other 55 are waiting for liquidation to raise funds up to $ 11.4 billion and quote the data available by the capital market regulatory agency.
Sonia Dasgupta, chief executive of JM Financial Investment Banking, said: "There is a strong pipeline."
The clown in the packaging (may also be the biggest IPO) will be Reliance Jio. This is the most telecommunications business owned by Mukesh Ambani-the richest person in Asia. Although Ambani and his group Reliance Industries have not yet provided Jio's public offering of the public offers, many investment bankers said that this may occur in the second half of the year. Reliance did not respond to the request for comment.
The company and investors were encouraged for the first time. Barleta analysts recently pointed out in the research of 162 IPOs in 2024 that the price after listing exceeded 82 %.
Due to the promotion of domestic funds, the company has investigated more and more savings in the local market, so the company has always eager to use India's equity valuation to increase.
Kunal Vora, the head of BNP Paribas stock research, said: "India is one of the most expensive markets, and added that India's stock price multiple is about 20, while most of the average in other markets are as high as 14.
He said that the local capital "becoming the base rock of the Indian market", and the inflow rate of domestic institutions has exceeded foreign funds in 2024 for the fourth consecutive year. The number of Indians with accounts allow them to invest in common funds, thus investing more than four times from nearby last year, and more than 18 billion in 2020.
Since October, foreign investors have withdrawn more than $ 30 billion. With the relative expenses of the country's stocks, the interest of domestic investors has increased.
Since its peak in September, the Nifty 100 Index of the highest stock in India has retreated by 12 %. Previously, the company released a lot of weak income under economic slowdown. Although India's growth is still the fastest among large economies, the three months of September, GDP increased by 5.4 % year -on -year, the lowest in the past two years.
When President Donald Trump took office in the United States, the rupee was also under great pressure on the strong pressure of one dollar.
"This is an emotional cycle," said Nitin Bhasin, head of the institutional stocks of Mumbai Ambit Capital. "He said that many Indian business founders (locally called" promoter ") may wait for the valuation to increase again. "I have noticed in a one-to-one conversation that many sponsor (if not all) prevented them from wanting to start the IPO-they are happy to postpone it for one or two months."
Some of the main appearances are also very weak for the first time. Since October IPO, India India in Hyundai Auto India has fallen by 8.7 %.
The quality of a series of smaller companies listed in the past year and large foreign companies bring currency out of the country instead of reinvesting in India.
Another Mumbai banker said that many Indian business owners are also "taking the money home." "It seems that management or initiator uses the Indian stock market as a cash drag machine."