by Vish Dhingra
The year 2016 was one of the best years in recent times for initial public offering (‘IPO’) in India owing to stronger macroeconomics, pro-business political regime, continuing regulatory reforms and an overall positive investment climate.
Indian companies raised more than $4bn through IPOs in 2016, which is close to the aggregate equity raised over preceding four years from 2012-15.
The IPO pipeline for 2017 looks promising with some of the large companies expected to tap the equity markets including NSE, SBI Life, UTI Mutual Fund, Railways and Insurance public sector undertaking (PSU). Economic fundamentals are improving and the equity index performance is at a record high. India continues to be one of the top destinations for investments globally.
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