December expected to be yet another busy month for IPOs

November has smashed the record for highest-ever mobilisation through initial public offerings (IPOs), and December is likely to be equally busy, according to investment banking sources.

As many as 16 issues cumulatively worth over Rs 22,000 crore are expected to hit the market during the month. Of these, four have already set the ball rolling, while others are likely to make formal announcements in the coming days.

Warburg Pincus-backed pharmacy chain MedPlus Health Services and Healthium Medtech, a maker of surgical instruments controlled by buyout firm Apax Partners, are among listing hopefuls aiming to sell shares next month, according to people with