As the number of domestic Indian IPOs rockets, when will international markets get to share in the spoils.
The Bombay Stock Exchange (BSE) and India’s National Stock Exchange (NSE) have been hives of activity in recent months. While 73 domestic IPOs took place last year, raising some $4.4 bn, the figure looks set to more than double this year. ‘We estimate that 2007 could witness about 150 IPOs, raising nearly $10 bn,’ remarks Prithvi Haldea, managing director of New Delhi-based Prime Database.
The substantial increase in Indian IPOs is being driven by the country’s booming
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