QIPs to lead fundraising activities: Edelweiss Securities' Gopal Agrawal

“We expect high-growth companies and a few private equity (PE)-backed companies to tap into the capital market with public issues,” says Gopal Agrawal, co-head, investment banking, Edelweiss Securities. In an interview with Ashley Coutinho, he says qualified institutional placements (QIPs) will lead capital-raising activities this year, led by infrastructure and financial services firms. Edited excerpts:

How do you see the initial public offering (IPO) market this year?

Four to five IPO launches are planned in the ongoing quarter. Performances of these IPOs after listing shall be a good indicator of the IPO appetite in the market. We expect scaled and