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India poised for blockbuster IPO wave with $5 billion in listings
India anticipates US $5 billion in IPOs in October as the market revives, although valuations remain under scrutiny.
India is set for one of its busiest IPO months, with around US $5 billion worth of listings expected in October amid a rebound in equity markets. This surge follows earlier reluctance due to global uncertainty, and spurred by strong domestic investor participation and improved corporate earnings. Analysts caution that while the pipeline is robust, valuations remain stretched and the success of listings will depend on pricing, allotment and post-listing performance. The strong activity could strengthen India’s position as a key global equity market.