Indian IPOs worth $6.3b yet to hit market as volatility roils valuations

Photo: Aniruddha Chowdhury/Mint

At least 32 companies that have won permission from markets regulator Securities and Exchange Board of India (Sebi) to raise over Rs41,000 crore (approximately $6 billion) through initial public offerings (IPOs) are yet to hit the street, as volatility roils company valuations.

While the benchmark Sensex has risen 12.45% this year to touch 38,000 points, the mid-cap and small-cap indices, where the IPO pipeline is largely concentrated, have fallen 8.38% and 12.25% since the start of the year, according to data from the stock exchanges.

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