9 April 2024 – Renowned Emerging Markets Investor Mark Mobius emphasized the need for expansion in the Indian equity markets to attract greater foreign capital. In an exclusive interaction with CNBC-TV18, Mobius underscored India’s burgeoning outperformance compared to the US market but pointed out the challenge of market size hindering further growth.
Mobius highlighted the necessity for more equity offerings, including initial public offerings (IPOs), in India’s market landscape. He particularly advocated for increased listings of government enterprises, citing India’s possession of several sizable government-owned entities ripe for public listing.
The financial year 2024 witnessed a significant uptick in IPO activity in India, with 75 companies tapping into the capital markets through mainboard IPOs. These companies collectively raised nearly ₹62,000 crore, as per data sourced from Prime Database. This marked a substantial 19% increase compared to the previous year. However, upon excluding LIC from the base year, the number of IPOs rises to 58%.
