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India IPO boom: Record six offerings open for subscription, seeking combined US$480m

02:47 Min

A record six initial public offerings opened for subscription in India on Wednesday. They’re part of 12 mainboard IPOs expected to launch this week - as investor appetite for new listings rebounds after the US-Iran war dampened sentiment. But there are questions over whether the market can absorb such a flurry of new share offerings. Rebecca Bundhun reports from Mumbai.

A record six initial public offerings opened for subscription in India on Wednesday. They’re part of 12 mainboard IPOs expected to launch this week - as investor appetite for new listings rebounds after the US-Iran war dampened sentiment. But there are questions over whether the market can absorb such a flurry of new share offerings. Rebecca Bundhun reports from Mumbai.

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