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India set for record IPO month with $5B target
October IPO pipeline in India aims $5B+, led by Tata Capital and LG India.
India is poised for a blockbuster October in IPOs, targeting approximately $5 billion in fundraising. Major deals include Tata Capital (~$1.7B) and LG Electronics India (~$1.3B), while the pipeline includes several megadeals. Analysts believe this quarter may outpace previous records, driven by strong domestic investor flows, robust corporate earnings, and renewed confidence in capital markets. However, valuation concerns and foreign investor access may moderate exuberance. (FT)