India's IPO market is on track to surpass last year's record haul, with fundraising likely to cross Rs 1.6 trillion and the number of issuances hitting their highest level since 2007
Notably, Tamil Nadu accounts for five of the seven projects, while Madhya Pradesh and Andhra Pradesh account for one each
With mega IPOs from Lenskart and Groww ahead, India's record ₹1.6 trillion fundraising looks set to be topped, says Ramchandani
This rise came despite a 16 per cent drop in funds raised, with domestic ECM totalling $25.7 billion compared to a record $30.8 billion in H1 2024
'Issuers and investors recognise the need for balanced pricing rather than short-term gains,' says managing director and head of India Financing Group at Goldman Sachs
The expansion plans at Rothschild follow a surge of initial public offerings in the Indian stock market
Citi topped the ECM league table as it handled $3.3 billion worth of proceeds and garnered a market share of 11.3 per cent
The telecom operator has paid Rs 287 cr to three bankers, second-most ever
Murugaiyan, who oversaw close to a dozen ECM deals in 2023, says large sell-downs by private equity (PE) firms show the depth of the domestic market
On a year-to-date basis, Citi has overseen ECM deals worth $4 billion, with a 14 per cent market share - ranking number one on the India ECM league table
ECM proceeds jumped fivefold from the first quarter of the previous year when 70 deals worth $2.8 billion were launched
Top performers poised for bonus payouts equalling 1.2x annual pay
One takeaway from last year is that most IPOs returned money to the investors, S Ramesh, Managing Director and CEO, Kotak Investment Banking, said
The equity capital market (ECM) underwriting fees reached $343.5 million, a 68 per cent rise from a year ago. ECM fee includes the fee from IPOs and follow-on offers
Homegrown JM Financial's ranking has risen this year in the league tables for ECM activity amid rising deals in the small and midcap space
These transactions encompass initial public offerings (IPOs), block deals, and qualified institutional placements (QIPs)
ECM activity down 15% in India even as globally it grows 19%, shows data
Gets success recipe right by brokering $1.9-bn Adani-GQG deal
Natarajan is due to join the Japanese firm's Indian unit in the coming months, the sources said, declining to be named as the hiring decision is not public
Natarajan is due to join the Japanese firm's Indian unit in the coming months, the sources said, declining to be named as the hiring decision is not public