IPO Frenzy: Citi India CEO Expects $15 Billion Rush in Next 2 Months
Citi India CEO K Balasubramanian is optimistic about the Indian IPO market, predicting a $15 billion rush in the next two months. This surge is driven by strong domestic liquidity and a record pipeline of upcoming listings across technology, healthcare, and consumer sectors.
Key Highlights:
Upcoming IPOs: Companies like Lenskart and Groww are set to launch mega IPOs, potentially pushing this year’s fundraising total near or above 2024’s record of ₹1.6 trillion.
Strong Domestic Liquidity: Domestic investors, including retail investors and mutual funds, are driving the IPO boom, despite foreign investors pulling out over $15 billion this year.
Citi’s Confidence: Citi’s India CEO believes India might be one of the world’s most active equity capital markets over the next year, alongside Hong Kong.
Sectors Driving the IPO Boom:
Technology: Companies like Pine Labs, Meesho, and Physics Wallah are preparing to tap the markets.
Healthcare: Strong investor sentiment and robust corporate earnings are driving the IPO frenzy.
Consumer Sectors: Companies like LG India and Reliance Jio Infocomm Limited are also expected to launch IPOs.
What’s Next?
The IPO pipeline is expected to remain strong, with several high-profile companies set to launch their IPOs in the coming months. Citi India CEO K Balasubramanian expects India to be one of the most active equity capital markets globally over the next year.
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