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Bolstered by bullish investor sentiments, India witnessed firms mopping up a whopping $9.7 billion by preliminary share gross sales within the first 9 months of 2021, the best quantity for the nine-month interval in 20 years, says a report. 

EY, in its newest report, mentioned the worldwide IPO market continued to growth by Q3 2021, leading to essentially the most lively third quarter by deal numbers and proceeds within the final 20 years. 

For the nine-month interval, India noticed the best variety of 130 IPOs in 2018.

In the three months ended September 2021 alone, India witnessed 31 IPOs that garnered a complete of just a little over $5 billion. During this era, there have been eight IPOs from diversified industrial merchandise and 5 within the know-how section.

“These sectors were also the largest in terms of issue proceeds in Q3 2021. The three largest IPOs in terms of proceeds were Zomato, Nuvoco Vistas Corp, and Chemplast Sanmar,” the report mentioned.

Prashant Singhal, Emerging Markets, Technology, Media, Telecom (TMT) Leader at EY, mentioned the Indian IPO market has been on a bullish run and has witnessed one of the lively quarters for the reason that fourth quarter of 2017.

“Similar to global markets, investors are willing to invest in companies with attractive business models, fair valuations, good corporate governance and quality of management teams,” Singhal famous.

Out of the 72 IPOs until September this yr, 15 have been from the diversified industrial merchandise space and 11 have been from the patron merchandise retail section.

Reflecting sturdy investor sentiments in current months, the 30-share Sensex has been scaling new peaks and touched an all-time excessive of 60,412.32 factors throughout intra-day commerce on September 27. The benchmark index crossed the 60,000-mark for the primary time on September 24.

Globally, the third quarter of this yr recorded 18 % extra offers than the earlier third quarter file set in 2007 and 11 % greater proceeds than the final record-setting third quarter in 2020, the report mentioned.

“In Q3 2021 alone there have been 547 IPOs elevating $106.3 billion. Year-to-date (YTD) there have been a complete of 1,635 IPOs elevating $330.7 billion, an 87 % and 99 % improve year-on-year, respectively.

EY famous {that a} key driver of exercise within the third quarter of 2021 was the rebound of IPO markets in Europe, Middle East, India and Africa (EMEIA), significantly Europe, India and Tel Aviv exchanges, in addition to IPO candidates racing to lift capital earlier than anticipated tapering begins.


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