GIFT City eyes direct listings without IPO to deepen equity market, says IFSCA's Pradeep Ramakrishnan
Economic Times 1 hr ago·30 Sept 2026, 12:03 pm
The International Financial Services Centre Authority (IFSCA) is planning to introduce a framework for direct listings at GIFT City. This would allow companies to list shares directly on the exchange without going through the traditional Initial Public Offering (IPO) process. The regulator, Pradeep Ramakrishnan, stated that this move is aimed at deepening the equity market ecosystem at GIFT City.
For investors, this development is significant as it offers an alternative, potentially faster route for companies to raise capital. It complements the existing bond and overseas investment markets at GIFT City, providing a more diverse range of investment options. The introduction of direct listings could attract more companies and investors to the IFSC ecosystem.
Investors should watch for the specific rules and regulations that will govern these direct listings. The success of this framework will depend on its ability to attract high-quality companies and provide a transparent environment for investors. This could be a major step in the growth of the international financial hub.
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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