“Revving Up: India’s IPO Market Accelerates with Ola on Deck!”

The Indian market for initial public offerings (IPOs) is expected to be busy this year, with companies like Ola Electric Mobility gearing up for their stock market debuts. Foreign investors, looking for alternatives to China, are pouring money into India.

Recently, JG Chemicals, which supplies zinc oxide used in various products, started trading on both the BSE and the National Stock Exchange.

Anuj Jhunjhunwala, the Chief Financial Officer of JG Chemicals, mentioned that there’s been strong demand due to initiatives like ‘Make in India’ and the trend of companies diversifying away from China.

India’s economy grew by 8.4% in the last quarter of 2023, and the stock market has been doing very well. This makes it a good time for companies to raise money through IPOs to fuel their growth.

Ola, known for its ride-hailing and scooter business, plans to raise funds through its IPO to expand its vehicle and battery production and pay off debts. Hyundai Motor is also considering an IPO for its Indian operations.

Last year, companies in India raised more money through IPOs than those in Hong Kong, reflecting strong investor interest across various industries like manufacturing, pharmaceuticals, and IT.

Despite some concerns about governance in Indian companies, foreign investors are drawn to India’s growth potential and supply chain diversification. The IPO market in India is expected to remain active, with more companies planning to go public this year.

  1. #Mumbai
  2. #Delhi
  3. #Bangalore
  4. #Kolkata
  5. #Chennai
  6. #Hyderabad
  7. #Pune
  8. #Ahmedabad
  9. #Jaipur
  10. #Surat
  11. #Lucknow
  12. #Kanpur
  13. #Nagpur
  14. #Patna
  15. #Indore
  16. #Thane
  17. #Bhopal
  18. #Visakhapatnam
  19. #Vadodara
  20. #Firozabad

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