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.