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Despite the overall market downturn, the IPO frenzy in India continues.
Jinshi data, January 29 news, despite the market generally dumping, the latest listed stocks in India performed well, with an average issuance price up 15%. The demand for Initial Public Offerings (IPOs) remains strong, with over 60 IPO applications currently being processed, expected to raise $25-30 billion this year. The strong Rebound of the Indian stock market last year encountered setbacks, as the market worried about slowing economic and profit growth, causing the India 50 index to suffer its worst monthly decline since 2001.