Indian companies raised a record Rs.67,147 cr. in 2017 through initial public offerings (IPOs), with 36 companies, including India’s biggest insurance companies, going public. Last year’s fundraising is 89% more than the previous record of Rs.37,534 cr. reported in 2010. Market experts said several factors, including a resilient Indian economy and strong domestic liquidity coming into equities contributed to the buoyant market for IPOs. One of the standout features of the IPO run this year has been the number of large-sized IPOs that hit the market. Experts say that more such IPOs will come into the market in 2018.

(DealStreet Asia)