We expect constructive environment for IPOs in 2nd half of FY23: Nomura

India's capital market fundraising will remain robust in the next six to 12 months as companies such as LIC are still looking to list, Nomura's Amit Thawani said

Nomura Holdings expects initial public offerings (IPO) in India to regain momentum in the second half of 2022-23 financial year (FY 23) as indicated by increasing activity in secondary share sales.
 

“The capital markets on the secondary side which is on the block and QIPs (qualified institutional placement) have started to pick up,” Amit Thawani, head of India coverage investment banking at Nomura, said in an interview on Tuesday. “We expect a constructive environment, especially in the second half of the year for IPOs.”
 

Global IPO activity has slowed down recently as the Russian invasion of Ukraine and rising interest