New Delhi, Sep 18
India's equity market witnessed highest Initial Public Offerings (IPO) globally due to strong domestic inflow in the market, according to a report.
Wealth management firm Angel One Wealth said, "In the first half of 2024, more than 5,450 companies have been listed across the world, in which India's share was about 25 per cent."
"Last year also a large number of IPO listings were seen in India. The reason for this was the high inflow by domestic investors in emerging companies and sectors," the report said.
Globally, IPO markets reached their peak in 2021. During this period, 2,388 companies were listed all over the world and cumulatively they raised $453.3 billion.
This was the largest amount raised through IPOs in the last 20 years.
The report further said, "BSE IPO index with 348 per cent absolute gains has outperformed benchmark BSE 500 index's 165 per cent gain by a wide margin, thanks to strong listing gains."
Small and Medium Enterprises (SME) IPOs have also performed well over the years.