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India’s GIFT City is all set to witness its first-ever IPO, marking a big leap for startups aiming to raise funds globally. Thanks to a new framework by the International Financial Services Centres Authority (IFSCA), unlisted Indian companies can now directly list on international exchanges like NSE IFSC and India INX — all within GIFT City.
An edtech firm is leading the charge, with several others lining up to raise between $10–100 million. This move allows companies to tap foreign investors without listing on domestic platforms like NSE or BSE. It’s a game-changer for startups with global ambitions, offering access to international capital in foreign currency.
Investors like NRIs, foreign portfolio investors, and even Indian residents (via RBI’s LRS route) can participate. The listing process is faster, with relaxed norms — only 10% public float is required, compared to 25% on Indian exchanges.
GIFT City’s tax benefits and simplified compliance make it an attractive destination. If successful, this model could reshape India’s IPO landscape, giving startups better valuations and quicker access to funds.
With global investors watching closely, GIFT City might just become India’s gateway to the world of international finance.
