Seven Billionaires Created By India’s IPO Boom in 2024
- Around 85 companies looking to raise $18 billion in 2025
- Slowing economy, weak corporate profits key concerns
Around 85 companies aim to list on the stock exchanges next year, collectively targeting 1.53 trillion rupees ($18 billion), according to data from Prime Database.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
A blockbuster year for initial public offerings in India catapulted seven entrepreneurs into the dollar billionaires league, many of them early movers in the country’s booming renewable energy sector.
Chiranjeev Singh Saluja of Premier Energies is among those who successfully rode the wave.