A buoyant primary market, with several oversubscribed issues, signals sustained investor appetite through 2024
Thirteen startups have listed this year, with many more—including multiple unicorns—preparing to raise sizable capital
With OFS forming 60% of raisings, promoters and early investors are booking gains, even as new capital inflows remain robust
Ex-OFS proceeds show a shift toward physical assets, with 20% directed to plants, projects and infrastructure—up from 8% last year
Despite $17 bn in equity outflows, FPIs are active in IPOs, signalling long-term confidence but short-term caution
Strong buying by mutual funds and retail investors offsets FPI selling, lifting indices—though many IPOs still trade below issue price