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

Indian IPO market upswing lures more companies

MUMBAI (NewsRise) -- India's primary market has gone from strength to strength over the last 18 months, but more big ticket offerings are in the offing, including an estimated $800 million stock sale by ICICI Bank's insurance arm, slated to be the biggest local IPO in six years.

Indian companies are estimated to have raised as much as $1 billion in the first half of the year, with about $860 million coming from the latest quarter ended June 30, making it the highest quarterly primary market fund raising in more the nine years, according to researcher Prime Database.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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