Domestic share sales in India are witnessing unprecedented interest from global funds, with primary market purchases, including IPOs, reaching $11.5 billion this year, surpassing the previous record set in 2021. In contrast, foreign investors have withdrawn over $13 billion from the secondary market, driven by high valuations. India has emerged as a significant hub for dealmaking, raising a record $28.4 billion from IPOs and primary offerings in 2023, more than double the capital raised the previous year.
