Latest news with #VJayasankar
Economic Times
22-07-2025
- Business
- Economic Times
Top arranger says India IPOs to raise $30 billion over 12 months
The boom in Indian initial public offerings is expected to continue, with companies poised to raise over $30 billion in the next 12 months, according to Kotak Mahindra Capital Co. ADVERTISEMENT Around 150 firms are planning to tap the equity market, V Jayasankar, head of investment banking at Kotak, the country's top arranger for equity deals this year, said in an interview. 'The pace of IPO filings is robust, and it reflects the deepening confidence of issuers in India's capital markets,' he said. India's IPO market had a slow start to the year after companies raised a record $21 billion in 2024. But activity has picked up in recent months. A number of billion-dollar deals are on their way, with this month's solid debut by HDB Financial Services Ltd. also boosting sentiment. The shadow lender's $1.5 billion IPO was India's biggest in 2025. Overall IPO proceeds for this year stand at $7 billion, and Jefferies Financial Group expects up to $18 billion to be raised in the second half.'It's a reflection of our large, fast-growing economy,' Jayasankar said. 'Even if GDP isn't expanding at 8%, a 6%-plus growth rate still creates significant opportunities for businesses,' he said. ADVERTISEMENT Among firms gearing up to enter the market, Tata Capital Ltd. is planning to raise about $2 billion. The Indian unit of South Korea's LG Electronics Inc. is also looking to raise as much as $1.7 Jayasankar counted India's resilience to external geopolitical uncertainties as well as political stability among factors that should continue to underpin the bullish market sentiment, he also highlighted potential headwinds. A weak secondary market, declining domestic inflows, or a shift in foreign investor interest toward more attractively valued markets like China could challenge the IPO momentum, he said. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
22-07-2025
- Business
- Time of India
Top arranger says India IPOs to raise $30 billion over 12 months
The boom in Indian initial public offerings is expected to continue, with companies poised to raise over $30 billion in the next 12 months, according to Kotak Mahindra Capital Co. Around 150 firms are planning to tap the equity market, V Jayasankar, head of investment banking at Kotak, the country's top arranger for equity deals this year, said in an interview. 'The pace of IPO filings is robust, and it reflects the deepening confidence of issuers in India's capital markets,' he said. Explore courses from Top Institutes in Select a Course Category PGDM Public Policy healthcare Finance Management others Cybersecurity Leadership Technology Healthcare Design Thinking Data Analytics MBA MCA Project Management Data Science Others Operations Management Degree Digital Marketing Product Management CXO Artificial Intelligence Data Science Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details India's IPO market had a slow start to the year after companies raised a record $21 billion in 2024. But activity has picked up in recent months. A number of billion-dollar deals are on their way, with this month's solid debut by HDB Financial Services Ltd. also boosting sentiment. The shadow lender's $1.5 billion IPO was India's biggest in 2025. Overall IPO proceeds for this year stand at $7 billion, and Jefferies Financial Group expects up to $18 billion to be raised in the second half. 'It's a reflection of our large, fast-growing economy,' Jayasankar said. 'Even if GDP isn't expanding at 8%, a 6%-plus growth rate still creates significant opportunities for businesses,' he said. Live Events Bloomberg Among firms gearing up to enter the market, Tata Capital Ltd. is planning to raise about $2 billion. The Indian unit of South Korea's LG Electronics Inc. is also looking to raise as much as $1.7 billion. While Jayasankar counted India's resilience to external geopolitical uncertainties as well as political stability among factors that should continue to underpin the bullish market sentiment, he also highlighted potential headwinds. A weak secondary market, declining domestic inflows, or a shift in foreign investor interest toward more attractively valued markets like China could challenge the IPO momentum , he said.
Bloomberg
22-07-2025
- Business
- Bloomberg
Top Arranger Says India IPOs to Raise $30 Billion Over 12 Months
The boom in Indian initial public offerings is expected to continue, with companies poised to raise over $30 billion in the next 12 months, according to Kotak Mahindra Capital Co. Around 150 firms are planning to tap the equity market, V Jayasankar, head of investment banking at Kotak, the country's top arranger for equity deals this year, said in an interview. 'The pace of IPO filings is robust, and it reflects the deepening confidence of issuers in India's capital markets,' he said.
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Business Standard
02-07-2025
- Business
- Business Standard
DRHP filings surge to 118 in H1 2025 amid strong valuation appetite
The filing of draft red herring prospectuses (DRHPs) picked up pace during the first half of 2025, reflecting continued optimism among promoters to list, thanks to the attractive valuations on offer. In the first half of 2025, 118 firms filed their offer documents, compared to 52 during the same period in 2024. The cumulative amount companies are seeking to raise via these filings is Rs 1.6 trillion, up from Rs 1 trillion in H1 2024. Among the marquee companies filing offer documents this year are Groww, Pine Labs, Waterways Leisure Tourism (which operates Cordelia Cruises), Lalitha Jewellery Mart, Canara Robeco Asset Management and Physicswallah. Several companies have also taken the confidential filing route for IPOs—a newly introduced mechanism that allows them to keep DRHPs private until plans are finalised. The DRHP is a preliminary document filed ahead of an IPO and contains key disclosures, including share offer size, financial statements and risk factors. Experts say the strong pipeline of filings suggests large-scale issuances are likely in the second half of the year, provided market conditions remain supportive. The IPO market was tepid in the first four months of 2025, with 10 companies raising Rs 18,704 crore, before activity picked up in May and June. March marked the first month in nearly two years without a single IPO, while April saw just one deal. The sell-off in the secondary market that began in October 2024—driven by concerns over slowing corporate earnings and high valuations—contributed to the subdued IPO environment earlier this year. However, companies continued to file offer documents even during months without IPO activity. Bankers noted that a public issue is typically an 18-month process, with DRHP preparation and Sebi approval taking up to six months, followed by a 12-month window to launch the deal. Given this timeline, issuers prefer to remain prepared for more stable market windows. 'FPI selling intensity had increased for a few months till March, and there were concerns around corporate earnings and Trump tariffs. Now that those concerns have receded and FPIs have become net buyers again, domestic flows remain strong, and companies are proceeding with their IPO plans. Moreover, public market valuations are very attractive,' said V Jayasankar, managing director, Kotak Investment Banking. The remainder of the year is likely to be more robust than the first half, with momentum expected to continue in terms of issue launches and filings. 'With the sentiment now improving, I expect at least a similar number of DRHPs to be filed in the second half as well. An IPO is the eventual goal of most venture capital and private equity-backed startups. We will see several more new-age companies filing their DRHPs going forward. As per our data, there are at least 70 such startups that have announced their intent to go public but have not yet filed,' said Pranav Haldea, managing director, Prime Database.
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Business Standard
19-06-2025
- Business
- Business Standard
Indian IPO market heads for busiest week with $1.7 billion in deals
India's primary market is set for its busiest period this year, with at least four companies planning to raise a total of about ₹150 billion ($1.7 billion) through initial public offerings next week. Kalpataru Ltd., Ellenbarrie Industrial Gases Ltd., and Globe Civil Projects Ltd. will start share sale Tuesday. HDB Financial Services Ltd., a unit of India's biggest private lender HDFC Bank Ltd., is also planning to launch its $1.4 billion IPO Wednesday, Moneycontrol reported this week, citing people it didn't identify. The offerings indicate share sales in India are bouncing back after a lull in the first quarter, helped by a 12 per cent rally in the benchmark NSE Nifty 50 Index from its March low. The Reserve Bank of India's cash infusions into the financial system and a surprise 50-basis-point rate cut this month are also spurring companies to speed up public listing plans. 'India's secondary market has rebounded in recent weeks, buoyed by strong liquidity. With a strong secondary market, IPOs fairly priced may see good demand from both domestic and foreign investors,' said V Jayasankar, managing director, Kotak Investment Banking. HDB's IPO will be the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s $3.3 billion deal last year. Industrial gas supplier Ellenbarrie is looking to raise as much as ₹8.52 billion , while Mumbai-based real estate developer Kalpataru is seeking to raise as much as ₹15.9 billion.
