Big IPOs Seen Making a Comeback in India as Stock Boom Continues.

India is experiencing a surge in initial public offerings (IPOs), with smaller deals dominating the market at the beginning of the year. However, larger IPOs are expected to follow, providing more options for global investors. Citigroup predicts that there will be four to five IPOs worth at least $1 billion each in the next year, while at least 10 companies are considering offerings of over $100 million. Factors contributing to this trend include the strong performance of Indian stocks, solid economic growth, and better-than-expected earnings. The upcoming election results in June will also provide clarity and stability for companies considering going public. Some potential issuers include e-commerce startup BrainBees Solutions Ltd., hypermarket operator Vishal Mega Mart, and ride-hailing app Ola Cabs. Mutual funds have emerged as key investors in IPOs, with the growing size of their investments supporting the appetite for larger IPOs. Despite recent volatility due to election jitters, Indian stocks have outperformed emerging market peers, and with Prime Minister Narendra Modi expected to secure a third term, optimism remains high. [Extracted from the article]