India’s IPO market is tracking a third consecutive strong year as a wave of
listings pushed July–September proceeds above $9 bln, a quarterly record, and
lifted year-to-date IPO proceeds past $13 bln, with several large deals among
the highlights, institutional data show. Morgan Stanley’s head of global capital
markets for India and Southeast Asia, Samarth Jagnani, said market volatility
could shift the timing of individual transactions but the fundamental drivers of
activity remains intact.
