India garners $4 bn from 16 IPOs

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Posted: 2008-07-03 16:49:29+05:30 IST
Updated: Jul 03, 2008 at 1822 hrs IST

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New Delhi, July 3:: public offerings.

However, the country raised only 7.23 billion dollars from 78 IPOs in 2006.

"Surging corporate profits and foreign inflows propelled India's IPO markets in 2007. India's IPOs grew in size and quality due to greater institutional depth, a supportive VC and PE ecosystem and stringent regulatory standards," Balachander added.

BRIC nations generated 119 billion dollars from 430 deals last year, accounting for 41 per cent of the global IPO proceeds. China led the pack raking in 65.9 billion dollars through 259 deals. ...

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India garners $4 bn from 16 IPOs

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