PE investors ride IPO boom, clock stellar returns by selling $2-bn shares

The biggest PE exit through an IPO since 2017 has been in Varroc Engineering at $260 million

Private equity (PE) investors have made the most of the initial public offering (IPO) boom in the domestic market over the past two years. 
 

These early-stage investors have sold shares worth $2.1 billion by divesting their holdings through maiden offerings since 2017, data from Venture Intelligence shows. 

Interestingly, most of the PE investors have made mouth-watering returns on their investments in companies such as AU Small Finance Bank, Varroc Engineering, Bandhan Bank and Indian Energy Exchange (IEX).

Warburg Pincus, ChrysCapital and Lightspeed Ventures are some of the overseas investors who have liquidated their investments at attractive returns. 

Among the domestic