In global IPO space, India is 6th most active nation

Date : Aug-12-2009



In the global Initial Public Offer (IPO) space this year, India is 6th most active nation on a hold of IPOs, including Asia's third biggest by state-run NHPC.
However, there has been a drastic fall in IPO segment both in terms of volume and value so far this year compared to last year, now experts say the silence in the primary market is finally over and the markets are showing some signs of recovery.

"The IPO activity in India has reached $707.1 million through five deals in 2009 so far this year, down 85 per cent from $4.9 billion via 36 deals in the comparable period last year," global deal tracking firm Dealogic said in a report.

The report further said that NHPC's IPO would be the largest in India since Reliance Power's $2.6 billion deal in January 2008, and the third largest IPO in Asia (ex Japan) region so far this year.