Citigroup expects IPOs to set up to $ 20 billion in India over the next 12 months, which will strengthen the country’s position as one of the world’s most active listing markets. Yields of IPOs in India have reached $ 12 billion so far, with another $ 5 billion expected to be added this month, supported by the list of both “Tata Capital” and the “LG Electronics” arm in India, which is expected to start trading next week. Also read: “Tata Capital” is receiving applications for the largest IPO in India by $ 1.7 billion this year. Harish Raman, head of implementing Capital Markets Solutions at Citi in the Asia-Pacific region, said: “India is expected to be one of the most active IPO markets with Hong Kong during the next year.” Raman, who lives in Hong Kong, added that the size of the planned offers is the largest ever, and that local and international companies include different sectors, especially technology, healthcare and consumer goods. Millions of local investors compensate for foreign exit. This wealth was driven by the availability of major local capital, including millions of individual investors, who helped compensate for the retirement of foreign investors who withdrew more than $ 15 billion this year, as part of a shift to Chinese stocks. Concerns associated with the 50% US tariff for Indian exports and the decline in corporate profits have also contributed to accelerating the rate of foreign exit. Also read: The Indian stock market is likely to add $ 3 billion thanks to the IPO boom. The upcoming IPOs in India include businesses such as Pine Labs, specializing in digital payments, the e-commerce platform most, and the asset management company Icici Prudential. Next year, the largest bursary trading in the country’s history can be seen by the upcoming offer of telecommunications company Reliance Jio Infocomm. The nine-year-old rally in India’s Sensex index contributed to the enthusiasm. “The biggest challenge facing India is the big offer expected,” Raman said, noting that the market should adapt to a new reality regarding valuations of the company.
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