ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Equities

Indian IPO fervor cools as volatility pinpoints fundamentals

New Delhi's annual share-sale target may be a stretch

A guard walks past the NSE (National Stock Exchange) building in Mumbai, India.   © Reuters

MUMBAI (NewsRise) -- Going by the tepid response to recent high-profile initial public offers, investors in India have become a lot more sensitive to valuations and growth prospects of companies as market volatility increases.

That could affect the number of issues in the pipeline, especially as the outlook for Indian stocks is also weakening, and limit New Delhi's ability to reach its revenue target from share sales.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more