India to see record IPOs this year, flurry of listings to continue in 2017: Ashok Lalwani, Baker & McKenzie

India to see record IPOs this year, flurry of listings to continue in 2017: Ashok Lalwani, Baker & McKenzie

Ashok Lalwani, Asia Pacific Head of Baker & McKenzie's International Capital Markets Practice

India has seen fifty companies raise $2.93 billion in 2016, and another 22 companies are lined for this year, and the estimated total deal value for this period will be $5.8 billion, more than double last year, Ashok Lalwani, Asia Pacific Head of Baker & McKenzie’s International Capital Markets Practice said in an interaction. According to him, while the Indian IPO market had been quiet for some time, the current run is based on sound fundamentals, and the  listings flurry is set to continue well into 2017. “There is a fair amount of demand for Indian paper and a slice of the bright Indian story,” he added. Edited excerpts:

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