Indian bankers collect bumper fees from record $18 billion in IPOs

A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg

Indian investment bankers are set for their best year ever, collecting almost 26 billion rupees ($347 million) in fees from local initial public offerings that have reached an all-time high in 2021.
 

A little over 110 companies ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg. The fees raked in by banks steering those first-time share sales are more than four times the previous record in 2017, figures provided by New Delhi-based Prime Database show. 

“It was an extraordinarily busy year, something