India's IPO mop-up so far sees sharp drop versus global peers in 2023

Domestic market share in amount raised globally falls to 0.9% versus five-year average of 2.9%

The amount of money Indian companies raised from the stock market has fallen faster than their global peers in 2023.

Indian companies raised $294 million in the first four months of 2023 (January through April) via initial public offerings (IPOs), according to data from tracker Refinitiv, a part of London Stock Exchange Group.

An IPO is when companies raise money from the public for the first time and list their shares on the stock exchange for trading. 

India’s IPO mop-up so far in 2023 is 80 per cent lower than the $1.5 billion raised in the corresponding period last year.