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The drought for India's IPOs may be easing in their worst year since 2016

A bunch of firms -- ranging from a drugmaker to a jeweler -- will likely test investor demand over the next few months, helping revive fundraising through first-time sales from the lowest in 4 years

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Illustration: Ajay Mohanty

Nupur Acharya, Julia Fioretti and Baiju Kalesh | Bloomberg
A drought in India’s initial public offerings might be easing with companies preparing to tap a buoyant stock market after investors piled into two recent sales.

A bunch of firms -- ranging from a drugmaker to a jeweler -- will likely test investor demand over the next few months, helping revive fundraising through first-time sales from the lowest in four years.

While Hong Kong and China have seen a flurry of new listings amid abundant liquidity, activity in India is seen picking up after IPOs from Happiest Minds Technology Ltd. and Route Mobile Ltd. last week lured hordes of investors keen to

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