CJ Darcl Logistics, a subsidiary of South Korea's CJ Logistics, is gearing up to list on the local stock market. The company has been engaging with investors both in Korea and abroad, with plans to finalize remaining procedures, including demand forecasting, to list as early as the first half of this year. If successful, this would mark the first time that an overseas subsidiary of a Korean logistics firm launches an IPO in India.

The decision to go public stems from the promising business prospects in India, coupled with the country's robust market growth. CJ Logistics acquired a 50% stake in Darcl Logistics, an Indian logistics company, in 2017, leading to its rebranding as CJ Darcl. This move strategically positions CJ Logistics to expand its presence in India, leveraging CJ Darcl's existing infrastructure and customer base across the nation.

India's stock market recently surpassed $4 trillion in market capitalization for the first time, overtaking Hong Kong to become the world's fourth-largest stock market by this measure. The Indian economy is expected to grow by 6.5% this year, more than double the global average of 3.1%.

Analysts at Jefferies, a U.S. investment bank, predict that the Indian stock market's capitalization could more than double to $10 trillion by 2030, with returns expected to be in the 8-10% range over the next five to seven years.