India's equity market became the second busiest globally for equity capital market deals, raising $2.3bn in Q1 2024, a 12-fold increase from the previous year.

India's equity market has become the second busiest globally for equity capital market deals after the US, raising $2.3bn in IPOs in Q1 2024, a 12-fold increase from the previous year. The surge is due to a pipeline of large block trades and listings, including Hyundai Motor's $3bn IPO. India's ECM deals saw a 139% increase, making it the most active market in the Asia-Pacific region, including Japan. The National Stock Exchange, India's largest bourse, was the third most active listing venue globally in Q1.

March 28, 2024
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