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Bankers Trade Work-Life Balance for Huge Fees in India IPOs

  • Arrangers battled deadly Covid wave to steer $10 billion IPOs
  • Capital raised from Indian share sales set for all-time high
India IPOs Near Record
Updated on

India’s investment bankers are set for their most rewarding year as local initial public offerings head for an all-time high despite the devastation brought about by a deadly Covid-19 wave.

Listings in Mumbai have already raised $10.2 billion this year, according to data compiled by Bloomberg. Banks steering those offerings have raked in record fees of almost 14 billion rupees ($189 million), more than double the amount they earned during the previous peak in 2017, figures provided by New Delhi-based Prime Database show.