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Last year turned out to be a bumper year for stock exchanges in India and companies that debuted on bourses in Asia s third-largest economy. Analysts expect more of the same in 2021.
The value of initial public offerings by Indian firms more than doubled in 2020 to 450 billion rupees (Dh22.61bn), from 203 billion rupees recorded the previous year, according to Kotak Investment Banking, which expects the number of IPOs and their values to climb further in 2021.
The rush to list shares in India last year came as local stock markets scaled record highs, despite the country s economy plunging into recession as it grappled with the Covid-19 pandemic.