Indian companies raised USD 785 million, up 14 per cent year-on-year, through 39 IPOs in the first quarter this year, says a report.
The value was USD 686.26 million in the first quarter of last year from 37 initial public offers.
BSE's main and SME markets saw 23 IPOs, which raised USD 739.7 million in Q1 2018, while NSE's main and SME segments had 16 IPOs, which together raised USD 45 million, said the EY Global IPO Trends: 2018 Q1 report.
Industrials and consumer staples were the two most dominant industries for IPO activity in India with nine deals each followed by materials with seven deals.
With Indian markets performing well and the pipeline in the Middle East delivering a steady deal flow, prospects for the first half in Europe, Middle East, India and Africa (EMEIA) region are positive, the report added.
Sandip Khetan, Partner and National Leader, Financial Accounting Advisory Services (FAAS), EY India said: The Indian IPO market is expected to remain robust in 2018 due to the resilient nature of the economy and strong domestic liquidity. The IPO pipeline is healthy with dozens of companies looking to go public later this year."
Disclaimer: No Business Standard Journalist was involved in creation of this content