India's Listed New‐Age Ecosystem Could Reach $1 Trillion By 2030: Report
The report from consulting firm Redseer said India's IPO market has grown nearly 8 times in proceeds, making it the only major capital market to sustain uninterrupted growth in primary issuance.
It now ranks third globally by proceeds while leading all major markets in long-term trajectory, and the sector shows sustained momentum.
The firm's projection of surge in the listed new‐age ecosystem is based on analysis of over 300 mainboard IPOs between FY21 and FY26 and a proprietary assessment of 1,400 new‐age companies.
CY26 is already on course to become the biggest listing year in history globally, the report said, adding that after a measured first half, India poised is expected to out-raise CY25's record $18.5 billion from just six months of listings in the second half alone.
The report said that domestic institutional capital supported by sustained SIP inflows has increased its participation in IPOs, creating a stronger domestic foundation and reducing dependence on foreign flows.
"Foreign institutions were net sellers in the secondary market through three of the last four years, a trend that has often dominated the broader market narrative," the report noted.
“The market now rewards profitable scale rather than growth alone, and the companies preparing to go public have evolved accordingly,” it added.
Between the FY22 and FY26 new-age cohorts, the share of companies that were PAT positive at the time of listing increased from 50 per cent to 70 per cent and median pre-IPO revenue growth eased from 50 per cent to 33 per cent.
More than 50 new-age companies are already listed, with a combined market capitalisation of roughly $150 billion, accounting for about 4.6 per cent of India's total market capitalisation.
-IANS
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