Indian IPO market heats up in March quarter

India emerged as one of the most active regional markets for initial public offerings (IPOs) with 26 such offerings in the first three months of 2017, as per a quarterly report by consultancy firm EY.

With positive macroeconomic factors, continuing regulatory and tax reforms and a robust investor and business sentiment, 2017 promises to be a healthy IPO year.

Delhi-based education services provider CL Educate Ltd, Shankara Building Products and Avenue Supermarts Ltd, the owner of D-Mart supermarket chain, were some of the companies that floated IPOs in the first quarter of 2017. Avenue Supermarts was the biggest IPO of the quarter, raising Rs1,870 crore. It’s also the biggest since PNB Housing Ltd’s Rs3,000 crore IPO in November 2016.

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