The year 2024 marked a significant upswing for India’s new-age tech IPO market, bolstered by heightened investor confidence and a favorable macroeconomic environment. This trend has set an optimistic tone for 2025, with numerous startups preparing to make their public debut.
2024: A Year of Growth and Milestones
Performance Highlights:
A total of 13 new-age tech startups successfully entered the public markets, raising over INR 29,000 Cr ($3.4 Bn).
Q3 2024 alone witnessed 27 IPOs, a 29% surge compared to Q3 2023, with companies collectively raising $4.27 Bn (approximately INR 35,000 Cr). This represented a staggering 142% YoY growth.
Impact of General Elections:
Political stability played a pivotal role, with only five startups going public before the elections. The majority waited for clarity post-election results, leveraging a more stable economic environment.
2025: The Road Ahead
Growth Expectations:
At least 23 new-age tech startups are gearing up for IPOs, aiming to raise over INR 55,000 Cr ($6.4 Bn). This would double the number of public listings seen in 2024.
Experts predict a bullish IPO market, with the total value of public offerings expected to surpass $20 Bn, compared to $16 Bn in 2024.
Challenges:
Macroeconomic uncertainties, such as potential GDP slowdowns, might contribute to market volatility.
India’s Strength in the Global Equities Market
India continues to outperform global peers in the equities market, providing a strong foundation for startups to pursue public listings. The resilience of the market, coupled with investor interest in tech-driven innovations, positions 2025 as another landmark year for IPO activity.
Conclusion
The year ahead holds immense promise for the Indian tech startup ecosystem, as companies look to capitalize on favorable market conditions. The expected surge in IPOs will not only provide an influx of investment opportunities but also solidify India’s position as a global hub for new-age technology ventures.
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