Deals

IPOs Seen Reaching Record by Regulator Amid India Stocks Rally

Focus on disclosures, improving economy luring investors: Sebi
IPOs raise $735m in April-June period, highest in six years

U K Sinha.
Photographer: Dhiraj Singh/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Santanu Chakraborty and David Merritt

July 22, 2016 at 4:56 AM UTC

Updated on

July 22, 2016 at 11:33 AM UTC

This article is for subscribers only.

India’s market regulator is forecasting initial public offerings to reach a record in the year ending March, as improved corporate governance standards and an equities rally attracts investors.

Twenty one first-time sales raised 49.4 billion rupees ($735 million) in the quarter ended June, more than in any comparable period since 2010, data compiled by Bloomberg show. Eighteen offerings seeking 61 billion rupees have been approved by the regulator, according to New Delhi-based Prime Database.