According to a report by Bloomberg, at least 10 multinational firms are considering IPOs of their Indian units in 2026. Claire Suddens-Spiers, Vice Chair of Global Markets Solutions at Rothschild & Co., said that Indian equities continue to trade at a premium compared to most global markets. This valuation differential is prompting more companies to explore local listings.
“Listing locally signals long-term commitment, enhances partnerships, and boosts visibility, apart from delivering superior valuations,” Suddens-Spiers told Bloomberg, according to reports.
According to data compiled by Bloomberg, initial public offerings in India have already garnered close to $16 billion in proceeds so far this year, with a substantial portion of these funds being raised by the Indian subsidiaries of multinational corporations, underscoring the growing preference of global firms to tap domestic capital markets.
South Korean firms have been among the prominent names, with LG Electronics India witnessing a strong debut; its shares jumped 48% in Mumbai trading last month after its $1.3 billion IPO. This follows last year’s $3.3 billion IPO of Hyundai Motor Co.’s Indian arm.
With this momentum in place, market watchers anticipate further activity from global names in the months ahead, as Indian equity markets remain buoyed by robust domestic demand, policy stability, and strong investor appetite.Also read: ‘Dumb money is chasing dumb IPOs’: Shankar Sharma on India’s public markets amid Lenskart buzz(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)