Indian IPOs to pick up within six months: Bank of America

Bloomberg

Bank of America Corp expects initial public offerings in India will regain their recent momentum as soon as in the first quarter of next year, bolstered by the underlying strength of the market.
“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said.
Some of last year’s IPO activity has more recently given way to sales of secondary shares, Purohit said.