IPO activity headed for record year; India could exceed $5-bn 2017 target

The initial public offering (IPO) activity in the country is headed for a record year in 2017. The past quarter saw 26 IPOs raising $1.8 billion. The re-emergence of larger listings in the pipeline can also help India far exceed the initially expected target of $5 billion in proceeds for 2017.

There has been particularly strong activity in the insurance sector due to regulatory changes and a number of major insurance companies are getting ready for their IPOs.

An increased number of issuers aim to take advantage of a rally in the stock market and increased investor demand.

The government also plans to