India offers a "very favorable" environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia Capital India & Southeast Asia.
"My general view is, especially in Indian public markets, the regulatory framework, what Securities and Exchange Board of India does, what Reserve Bank of India does, what other regulators do is actually really good," Singh told CNBC.
There were 220 IPOs in India last year, up 48% from 2022, making it the second-largest IPO market in the world, according to an EY report.
Though Mainland China took the top spot, the number of IPOs there slid 29% to 302.
The Indian IPO market is set to remain strong in 2024, buoyed by optimistic investor sentiment, a robust economy, and expectations of lower inflation and rate cuts, EY said.
Persons:
Shailendra Singh, Singh, EY
Organizations:
Peak XV Partners, Sequoia Capital, Securities, Exchange Board, Bank of, CNBC
Locations:
India, Sequoia, Sequoia Capital India, Southeast Asia, Bank of India, China