BENGALURU — A jumbo interest rate cut by India’s central bank is revving up the nation’s stock market and raising hopes of a revival in initial public offerings (IPOs), which have dried up in 2025 after a record run last year.
Only 17 companies have listed on India’s main bourses — the Bombay Stock Exchange and the National Stock Exchange — this year through June 14, raising $3.37 billion, estimates PRIME Database, which tracks public markets. Nearly $19 billion was raised last year in 91 IPOs, about one and a half times the combined proceeds from the previous two years.
