Why India is seeing a big, fat IPO boom

India's IPO market is booming, with a record number of companies going public in recent months. In the first half of 2021, Indian companies raised over $11 billion through IPOs, more than double the amount raised in the same period last year.

This IPO boom is being driven by a number of factors, including:

Strong economic growth: India's economy is expected to grow by over 9% in 2021, making it one of the fastest-growing economies in the world.

Low interest rates: Interest rates in India are at historic lows, making it cheaper for companies to borrow money to fund their growth.

Increased investor interest: There is a growing appetite among both domestic and international investors for Indian stocks. This is due in part to India's strong economic growth prospects and the government's reforms to make the country more attractive to investors.

The IPO boom is a sign of confidence in the Indian economy and its future growth prospects. It is also a major opportunity for investors to participate in the growth of India's leading companies.

Here are some of the most notable IPOs that have taken place in India in recent months:

Zomato: The food delivery company raised $1.3 billion in its IPO in July 2021, making it one of the largest IPOs in Indian history.

Paytm: The digital payments company raised $2.5 billion in its IPO in November 2021, making it the largest IPO in Indian history.

Nykaa: The online beauty retailer raised $700 million in its IPO in November 2021, making it the largest IPO by a female-led company in India.

These IPOs have helped to raise the profile of Indian companies on the global stage and have attracted a new wave of investors to the country. The IPO boom is expected to continue in the coming months, as more and more companies look to raise capital to fund their growth.