India amongst high IPO markets with $2.8bn mop-up: EY | India Information – The Occasions of India

MUMBAI: With whole fund mobilisation at $2.8 billion, India was among the many high markets for IPOs in the course of the Jan-March interval, a report by world consultancy main EY mentioned. India had a 22% share of worldwide IPO exercise. Regardless of a decline in quantity, the proportion of worthwhile IPO corporations surged, reflecting sturdy market fundamentals, EY mentioned. The most important IPO throughout this era was by Hexaware Applied sciences that raised $ 1 billion. Nevertheless, the general IPO exercise in India noticed a decline of roughly 20% in comparison with the earlier yr, reflecting a cautious investor sentiment.