Indian companies to raise Rs 75,000 cr via IPOs in next 6 months, says KPMG

A lot of money printed during the Trump administration is invariably finding its way to the stock markets globally and India is one of the beneficiaries, says a KPMG executive

KPMG expects digital companies in India to raise about $10 billion through initial public offerings in the next six months, as investors continue to pump money into the country’s technology sector.

“India is unveiling an absolutely new area of growth with these digital companies for hungry global asset managers," Srinivas Balasubramanian, senior partner and head of corporate finance at KPMG India, told Bloomberg Television’s Rishaad Salamat and Haslinda Amin in an interview. “A lot of money printed during the Donald Trump administration is invariably finding its way to the stock markets globally and India is one of the beneficiaries."

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