Demat accounts surge past 171 mn, helped by investor interest in IPOs

The number of demat accounts in India has surpassed 171 million, driven by growing investor interest in initial public offerings (IPOs). This surge reflects a significant increase in retail participation in the stock market, as more investors seek to capitalize on new investment opportunities. The rise in demat accounts indicates a broader trend of increased financial market engagement and confidence among individual investors. The growing number of accounts is also a positive sign for market liquidity and the overall health of the Indian equity markets.