India’s Stock Market Raises $11.6 Billion in 2017

153 initial public offering hit the Indian stock market in 2017, raising $11.6 billion according to an industry report. The report added that the market “looks good” for 2018 as well. The stability of the political landscape in India with continued focus on reform agendas by the government and significant tax reforms in the United States is likely to trigger another wave of strong growth in the capital market to enjoy a preferred position in terms of capital allocation by investors.

“The Indian IPO market in particular looks good for financial year 2018 with the return of foreign institutional investors and strong investor sentiment creating a bullish investment climate,” said Sandip Khetan, partner and national leader, Financial Accounting Advisory Services, EY India.)

Magazine with Investment Report written on it(Key highlights of the report as shared by PTI NewsđŸ™‚

  • 2017 saw the highest deal numbers and proceeds on record, reflecting the country’s economic strength and rising investor appetite
  • The fourth quarter of calendar year 2017 saw 22 IPOs reaching the market, an increase of 47 percent quarter-on-quarter (Q-O-Q) in terms of number of deals
  • Emerging markets contributed strongly to overall IPO performance, with both the Bombay Stock Exchange and India’s National Stock Exchange recording a 74 percent increase in deal numbers in 2017
  • The largest IPO was by General Insurance Corp of India worth $1.7 billion
  • In the Europe, Middle East, India, and Africa regions (EMEIA), the Bombay Stock Exchange and stock exchanges dedicated for trading shares of small- and medium-scale enterprises recorded the highest proceeds worth $5.5 billion through 17 IPOs
  • The top three sectors by highest number of IPOs in the EMEIA region are technology, industrial goods, and financials
  • The combination of primary market growth and overall economic growth is set to make India a highly attractive emerging market for investments in the coming months

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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