May s IPO frenzy continues with companies raising funds despite election season volatility. Vodafone Idea FPO oversubscribed 7 times, Bharti Hexacom trading at a 52% premium. ICICI and Kotak remain positive. Ola Electric plans $1 billion IPO.
A flood of initial public offerings (IPOs) is set to be launched in May as companies, buoyed by market vibrancy, set aside concerns over heightened volatility historically associated with the general election season.