 "share market, BSE, IPO market")
The report dealmaking has been pushed by the rising heft of India’s native mutual funds and insurers, sturdy participation by retail traders and the return of worldwide funds, elements which are boosting the market’s capacity to soak up giant choices | Picture: Bloomberg
By Ashutosh Joshi
India’s fairness capital market is heading for its finest month on report, bucking a lackluster inventory market as ample home liquidity continues to gas demand for brand spanking new shares.
Virtually $10 billion of offers have been priced in August, led by the federal government’s blockbuster $3.2 billion sale of shares in Life Insurance coverage Corp. of India. Manipal Well being Enterprises Ltd.’s $958 million preliminary public providing, alongside a flurry of block trades and institutional placements, boosted the tally.
The buoyancy contrasts with the subdued efficiency of the nation’s $5.1 trillion secondary market, which stays among the many area’s laggards this 12 months. Whereas the benchmark NSE Nifty 50 Index is little modified from its degree two years in the past, traders have snapped up new listings. All however 4 of the 24 corporations that debuted in August are buying and selling above their IPO costs.
“Corporations have overcome hesitancy brought on by the commerce tantrum and struggle within the Center East,” mentioned Sunil Shah, group chief government of Mumbai-based Khambatta Securities Ltd. Some issuers even accepted decrease valuations to get their offers over the end line, he added.
First Printed: Aug 24 2026 | 7:47 AM IST
