India’s IPO Boom: $3 Trillion in the Making.

JM Financial’s top boss Vishal Kampani says India’s IPO wave could add $2–3 trillion in market value over the next 10 years — and the surge is already underway. What’s Happening? • In 2024, Indian IPOs raised $21 billion (record year). • In 2025 so far, IPOs have raised $6+ billion. • Big names like HDB Financial (₹1.5B IPO), ICICI Pru AMC, Tata Capital, and PhonePe are leading the way. Why this boom? • Strong local demand – Indian investors are now key players in pricing IPOs (earlier it was foreign investors). • India's growth story is attracting global attention. • Pipeline includes sectors like energy, retail, pharma, manufacturing, and finance. • IPO sizes are getting bigger — many are crossing the $1 billion mark. M&A Also Heating Up: • India’s M&A deals hit $31 billion YTD (up 18% YoY). • Big deals: Capgemini–WNS ($3.3B), Torrent–JB Pharma ($1.4B). Market Vibe: • Nifty 50 is up 8% this year from March lows. • Local capital is rising fast — giving a strong base to India’s markets. “If you believe in India’s growth story, there’s a long runway ahead,” says Kampani. India is no longer just a growth story — it’s becoming a market powerhouse.