India's IPO market set for $2.4 billion boost in July
India's IPO scene is heating up, with companies expected to raise about $2.4 billion this July—the biggest monthly total since December.
After a strong June ($2 billion raised, thanks to HDB Financial Services), India has already pulled in $5.86 billion from IPOs this year, holding steady as the world's second-largest IPO market and making up 12% of global proceeds.
These companies are in the fray
Big names are stepping up: Credila Financial Services (education loans) is aiming for $584 million, while NSDL (the country's largest stock depository) is eyeing $400 million—finally moving forward after delaying its debut last year due to market jitters.
Aditya Infotech (surveillance tech) and M&B Engineering (power gear) are also joining the action.
Over 140 IPOs worth $26 billion are in the pipeline
LG Electronics India is planning a massive $1.8 billion IPO, and JSW Cement will look to raise $470 million—both expected by late July or early August.
In total, there are 143 upcoming IPOs worth around $26 billion in the pipeline, with more than half already approved.
India's markets have bounced back
Even with global tensions and trade hiccups earlier this year, India's markets have bounced back—Nifty 50 and Sensex are just shy of all-time highs again.
With investor interest staying strong, experts say the next few months could be some of the busiest ever for Indian IPOs.