India Sets Single-Day Record With Six IPO Openings
India recorded six initial public offerings opening on September 9, a single-day record. Together, companies including Rentomojo, Arcil and Manipal Payment and Identity Solutions sought approximately $477 million. India remained the world’s busiest IPO market by deal count, with 165 offerings raising $8.61 billion through August, reflecting renewed investor activity.
A broad pipeline of public offerings gives Indian companies access to expansion capital while demonstrating the depth of the country’s equity market and investor base.
The six offerings will proceed through subscription, allotment and listing. India’s September IPO pipeline could approach $4 billion, although final proceeds depend on completed transactions.
January–August: 165 IPOs raise $8.61 billion
September 9: record six offerings open together
subscription and allotment follow
additional major listings expected during September.
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1. reuters.comView Original
2. youtube.comView Original
