India's IPO fundraising in 2023 looks poised to top last year's levels

Despite late start, many high-profile offerings seen in recent months

The Mumbai skyline. The successful listings of Tata Technologies, IdeaForge and Utkarsh Small Finance Bank signal better days for India's IPO market in 2024. © AP

VIBHUTI SHARMA, DealStreetAsia

December 25, 2023 15:23 JST

NEW DELHI -- After a gush of initial public offerings in 2021 and a sudden lull in 2022, India's primary market fundraising picked up steam once again in the latter half of 2023.

Many high-profile IPOs have lit up the bourses in recent months. Tata Technologies and IdeaForge were among the 50 IPOs in India this year -- the highest globally.