Furtado, the Co-Head, Asia ECM (Equity Capital Markets) at Citi believes India s attractiveness as a listing destination has increased with global supply chains in certain market segments moving into the country
Since April this year, 12 companies have raised a total Rs 12,149 crore through IPOs, according to data compiled by Prime Database. Some of the successful IPOs include Mankind Pharma, Cyient DLM Ltd, Ideaforge Tech, and IKIO Lighting.
The promoter group holds 57.68 percent stake while the bloc of private equity investors holds 31.52 percent in SRL Diagnostics. The investors include the likes of NY Jacob Ballas and the World Bank s development finance arm IFC