India's share of IPOs continues to fall relative to rest of the world

Global companies have raised far more money than their Indian counterparts by selling shares to the public over the last few years.

This year is set to be the third consecutive year when India’s share of initial public offers (IPOs) has fallen relative to the rest of the world. A Business Standard analysis of Bloomberg data shows that the share has dropped from 6.06 per cent in the financial year ending March 2018 (FY18), to 0.98 per cent in FY21, according to the data available so far in March.

Deven Choksey, managing director of KRChoksey Investment Managers, said that the