India has emerged as the top market for IPOs in Asia, having raised $3.9 billion so far in 2024. Post-election, IPO activity is also expected to exceed $20 billion over the next two years as confidence in India s growth prospects rises.
About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally thats higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.
India bankers brace for IPO surge as election uncertainty lifts moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Novelis finalises IPO price band of $18-21/share financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.