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Indian IPOs thriving despite COVID pandemic

Run of floats set to continue in 2021, with plans from Zomato and other unicorns

Indian food delivery group Zomato and other unicorns are expected to go public this year. (Photo by Rie Ishii)

MUMBAI -- There was a steady stream of initial public offerings by Indian companies throughout 2020, despite the devastating damage to Asia's third-largest economy caused by the COVID-19 pandemic. This resilience is likely to continue in 2021, with a handful of internet unicorns planning to go public.

A total of 14 Indian companies saw their stocks listed on the BSE and the National Stock Exchange during 2020, all of which took place since the coronavirus began to spread seriously in the country in March.

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