IPO activity to pick up pace in 2nd half of 2023: Report

The IPO market in India has remained steady during Q1 of 2023, with four IPOs taking place during the quarter, one higher than in the same period last year. Despite the fundraising via IPOs dropping 89% YoY to $107m in line with the global trend of reduction in issue sizes, India has remained top in terms of the number of IPOs during Q1. However, most of these are attributed to small-ticket IPOs, and there has been a greater increase in the number of deals and proceeds raised in the SME segment.

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