Team Blitz India
NEW DELHI: The Indian stock exchanges, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), have emerged as global leaders in IPOs for the year 2023. This was stated in a report released by EY India, a leading global professional services organization.
In a notable development, the primary markets, comprising BSE and NSE, recorded 31 IPOs (including one InvIT) in the fourth quarter of 2023, marking a significant uptick compared to the same period in 2022 and the third quarter of 2023. This represents a remarkable 72% increase over Q4 2022 and a substantial 41% increase over Q3 2023.
Similarly, the Small and Medium Enterprises (SME) markets showcased remarkable growth, witnessing 61 IPOs in Q4 2023, as compared to 34 and 47 IPOs in Q4 2022 and Q3 2023, respectively. This demonstrates a robust 79% and 30% increase compared to Q4 2022 and Q3 2023, respectively.
