Citibank expects robust IPO activity and expanded equity capital markets business in India, driven by start-ups and global firms.

• Citi’s India IPO pipeline includes billion-dollar deals from Tata Capital, Pine Labs, WeWork India, and LG Electronics.
• Investment banking focus grows after retail exit; India profits surged 32% to ₹61.93 billion in FY25.
• New business areas include securitisation, real estate financing, and climate transition funding for global capital inflow.