India's IPO market likely to see revival after political uncertainty ends

Photo: Mint

The thumping victory of the coalition led by Prime Minister Narendra Modi is expected to revive public market fund-raising activity such as initial public offerings (IPO) and qualified institutional placements (QIP) after three quarters of scant activity.

As of 31 March, around 59 companies with plans to raise as much as ₹53,000 crore have secured the approval of regulator Securities and Exchange Board of India to launch IPOs, according to data from primary market tracker Prime Database.

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