India's IPO Boom: Billions in Funding Expected
India's IPO market surges, with major companies like Groww and Pine Labs eyeing billion-dollar raises.
BUSINESS:India's IPO scene is heating up, with projections of a blockbuster year. Seven companies, including fintech giant Groww and payments platform Pine Labs, are expected to raise at least $1 billion each. This surge in IPO activity signals strong investor confidence despite global economic headwinds.
The total equity fundraising through IPOs could exceed $23 billion, surpassing last year's impressive $19.6 billion. A robust pipeline of companies awaits regulatory approvals, indicating continued momentum in the Indian IPO market.
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