Globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised $3.9 billion in the first half of this year, says a report.
According to EY India IPO Readiness Survey Report, globally, Indian exchanges recorded the highest IPO activity in terms of number of deals accounting for 16 per cent of the total issues in the first half of this year (January-June). In terms of proceeds, Indian exchanges accounted for 5 per cent of global proceeds in the January-June period.
As per the report, the January-June period saw 90 IPOs raising $3.9 billion, registering a 27 per cent jump in number of deals and 28 per cent rise in value terms over the same period last year.
“The IPO ecosystem is evolving at a rapid pace in India with several companies looking to list within 2018. Financial sector, infrastructure and consumer companies with strong growth continue to be favourable for increased IPO activity,” said Sandip Khetan, Partner, Financial Accounting Advisory Services, EY India.
Out of 90 deals that listed in the first half of this year, 15 listed both on NSE and BSE, accounting for 93 per cent of the total proceeds.