ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
IPO

India IPO market gains steam, with scooter maker Ola on deck

Foreign investors gravitate toward fast-growing economy as China risks mount

India saw 220 initial public offerings on its two big stock exchanges in 2023, up 48% from the previous year.   © Reuters

MUMBAI -- The Indian market for initial public offerings looks poised to remain brisk this year, with planned debuts by companies like Ola Electric Mobility, amid an influx of capital from foreign investors seeking an alternative to China.

JG Chemicals, a supplier of zinc oxide, used in products from tires to cosmetics, enjoyed a dual listing last Wednesday on the BSE and the National Stock Exchange.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more