Nomura expects Indian IPO market to pick up in second half

April 12, 2022

Nomura Holdings Ltd. expects initial public offerings in India will regain momentum in the second half of this year as indicated by increasing activity in secondary share sales.
“We expect a constructive environment especially in the second half of the year for IPOs.” “The capital markets on the secondary side which is on the block and QIPs have started to pick up,” Amit Thawani, head of India coverage investment banking at Nomura, said in an interview with Bloomberg Television on Tuesday.

Global IPO activity has slowed down recently as the Russian invasion of Ukraine and rising interest rates spurred market volatility. Companies have raised around $1.1 billion through first-time share sales in India so far this year, down from $2.6 billion from the same period in 2021, according to data compiled by Bloomberg.

About Nomura

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our three business divisions: Retail, Wholesale (Global Markets and Investment Banking) and Investment Management.
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Source: Economic Times

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