neutral
Recently
India’s IPO activity stabilises as Swiggy advances large QIP plan
India’s IPO market is stabilising near $20 billion annually as Swiggy moves ahead with a ₹10,000-crore QIP to reinforce its balance sheet.
India’s primary market activity is stabilising near the $20 billion annual fund-raise level despite volatility driven by global rate and tariff concerns. Swiggy advanced plans to raise ₹10,000 crore through a qualified institutional placement to strengthen its post-listing balance sheet. Investment banks remain cautiously optimistic on fresh filings across consumer, financial services and manufacturing sectors through the coming quarters.