IPO market likely to stay bullish in June quarter, Covid to weigh: EY

India had 22 IPOs worth $2.6 bn in Q1 of Calendar 2021 versus 12 IPOs at the same time last year, was ranked ninth globally on number of offerings for the quarter

The prospects for the initial public offering (IPO) market remain bullish for the June quarter, estimates consultancy firm EY.

“We are witnessing high momentum in the Indian capital markets. Significant amount of activity is driven by huge dry powder awaiting investment and companies exploring a listing in India or overseas. The markets continue to reward companies with robust, scalable and technology-led business models,” said Sandip Khetan, Partner and National Leader, Financial Accounting Advisory Services (FAAS), EY India said,

India recorded 22 IPOs worth $2.6 billion in the first quarter of Calendar 2021 versus 12 IPOs at the same time last