According to data shared by LSEG Deals Intelligence, initial public offerings (IPOs) of Indian companies increased by 97.8 per cent to $4.4 billion compared to the same period last year and the number of IPOs increased by 70.6 per cent year-on-year. Percentage increased.
“Follow-on offerings, which account for 85 percent of India's total ECM proceeds, raised $25.1 billion, up 155.7 percent from a year ago, while the number of follow-on offerings grew 56.4 percent year-on-year " Mentioned in the report.
ECM issuances from India's industrial sector accounted for the majority of the country's ECM activity, with a 21.4 percent market share worth $6.3 billion, an increase of 96.2 percent from a year earlier.
“Private equity investment in India saw a significant recovery in Q2 2024, as equity invested amounted to $3.6 billion, a 75 per cent sequential increase from Q1 2024,” said Ellen Tan, senior manager at LSEG. " Deal Intelligence.
Tan said India remains an important market for the deployment of private equity capital, accounting for at least 22 percent of the total equity invested in the Asia Pacific region during the first half of 2024, compared to 15 percent in the first half of last year. Its market share was 19 percent.
Meanwhile, according to Tan, overall Indian mergers and acquisitions (M&A) activity during the first half of 2024 increased by 4.4 percent to $37.3 billion in deal value compared to the same period last year.
Most of the deal-making activity involving India targeted the high technology sector, which totaled $5.8 billion, accounting for a 13.2 percent increase in value from the comparable period last year and a 15.6 percent market share.
“Follow-on offerings, which account for 85 percent of India's total ECM proceeds, raised $25.1 billion, up 155.7 percent from a year ago, while the number of follow-on offerings grew 56.4 percent year-on-year " Mentioned in the report.
ECM issuances from India's industrial sector accounted for the majority of the country's ECM activity, with a 21.4 percent market share worth $6.3 billion, an increase of 96.2 percent from a year earlier.
“Private equity investment in India saw a significant recovery in Q2 2024, as equity invested amounted to $3.6 billion, a 75 per cent sequential increase from Q1 2024,” said Ellen Tan, senior manager at LSEG. " Deal Intelligence.
Tan said India remains an important market for the deployment of private equity capital, accounting for at least 22 percent of the total equity invested in the Asia Pacific region during the first half of 2024, compared to 15 percent in the first half of last year. Its market share was 19 percent.
Meanwhile, according to Tan, overall Indian mergers and acquisitions (M&A) activity during the first half of 2024 increased by 4.4 percent to $37.3 billion in deal value compared to the same period last year.
Most of the deal-making activity involving India targeted the high technology sector, which totaled $5.8 billion, accounting for a 13.2 percent increase in value from the comparable period last year and a 15.6 percent market share.
