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Citi Sees India IPOs Hitting Fresh Records Despite Challenges

Initial public offerings in India should get back on track in the second half of the year, according to Citigroup Inc., moving on from a rocky start that’s seen foreign investors withdraw capital and the rupee slide.

The ceremonial opening bell for LG Electronics India Ltd.'s listing ceremony at the National Stock Exchange (NSE) in Mumbai, India, on Tuesday, Oct. 14, 2025. LG Electronics India soared in its Mumbai trading debut after investors flocked to its initial public offering and made it the country’s most oversubscribed billion-dollar deal of its kind in 17 years.
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