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Indian IPOs set to raise up to $18 billion in second-half surge

  • Indian IPOs set to raise up to $18 billion in a surge during the second half of the year, with several high-profile companies preparing for IPOs, such as Tata Capital Ltd., ICICI Prudential Asset Management Co., National Securities Depository Ltd., and LG Electronics India.
  • The surge in IPOs indicates a positive trend in India's primary market, following a successful year in 2024 when companies raised $21 billion through initial public offerings.
  • Investor confidence is returning as India's stock market continues to climb, driven by foreign inflows and monetary easing, despite global uncertainties, leading to expectations of more than 50 IPOs by year-end.
  • Despite a slow start in the first half of the year, only 24 IPOs compared to 91 in 2024, the outlook for Indian IPOs has brightened with companies with strong fundamentals attracting significant interest, including upcoming large IPOs like Meesho Ltd., Groww Invest Tech Pvt., and Lenskart Solutions Ltd.

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