India’s New-Age Companies Poised for $1 Trillion Market Value by 2030: Report

New Delhi: India's listed new-age companies could collectively achieve a market capitalisation of $1 trillion by 2030, with nearly 210 startups expected to be ready for initial public offerings (IPOs) over the next two years, according to a report by consulting firm Redseer.

The report highlights the rapid expansion of India's IPO market, which has witnessed nearly an eight-fold increase in fundraising proceeds in recent years. It says India is now the world's third-largest market for IPO proceeds and the only major capital market to maintain uninterrupted growth in primary share issuances.

Redseer's projections are based on an analysis of more than 300 mainboard IPOs between FY2021 and FY2026, along with a detailed assessment of around 1,400 new-age companies across sectors.

According to the report, calendar year 2026 is on track to become the biggest year ever for public listings globally. After a relatively measured first half, India is expected to surpass the record $18.5 billion raised in 2025, with the second half of 2026 alone likely to exceed that figure.

The report attributes the strength of India's IPO market to rising participation from domestic institutional investors, driven by steady inflows through Systematic Investment Plans (SIPs). This growing domestic investor base has helped reduce the market's dependence on foreign institutional capital.

It noted that foreign institutional investors were net sellers in the secondary market during three of the past four years, but strong domestic participation has continued to provide stability to the IPO ecosystem.

Redseer also observed a significant shift in investor preferences, with the market increasingly favouring companies that demonstrate sustainable profitability alongside scale rather than prioritising growth alone.

The financial profile of new-age firms preparing to go public has improved considerably. Between the FY2022 and FY2026 listing cohorts, the proportion of companies reporting profits after tax (PAT) at the time of listing rose from 50 per cent to 70 per cent, while median pre-IPO revenue growth moderated from 50 per cent to 33 per cent, reflecting a greater emphasis on financial discipline.

More than 50 new-age companies are already listed on Indian stock exchanges, with a combined market capitalisation of approximately $150 billion, representing about 4.6 per cent of the country's overall stock market value.

With inputs from IANS