$20,000,000,000 worth IPOs new normal for India: JP Morgan

So far in 2025, India has seen USD 21 billion worth of IPOs, and the year is on track to close with USD 23 billion, the report said. Nearly 20 per cent of these IPOs came from consumer technology and new-age businesses. JP Morgan expects this share to rise to around 30 per cent as investor appetite improves.