Volatility likely to challenge over Rs 2-trillion IPO pipeline in CY22

Pricing of issues has to be mindful, say experts

The expected interest rate hike in the US and the resultant volatility in the domestic secondary market could play a dampener to the over Rs 2-trillion initial public offering (IPO) pipeline in 2022.

IPOs in 2022 look promising, with as many as 35 companies holding the Securities and Exchange Board of India’s approval to raise roughly Rs 50,000 crore. Another 33 companies are waiting for the regulator’s nod to raise around Rs 60,000 crore next year. The mega IPO of Life Insurance Corporation of India — which is expected to raise Rs 1 trillion — could be launched next year. In