Primary issuance back in focus as Indian market hits record

Last year's record issuance volume is unlikely to be breached, but the pipeline for equity issuance in next six months is "robust".

India is unlikely to see the record equity issuance that people were hoping for before the stock market correction in May, but with the secondary market now having made a complete recovery, it looks like the year could at least end on a strong note.

While the market has seen no Indian ECM issuance of size since the IPOs for Tech Mahindra and GMR Infrastructure in early August, Hong Kong-based bankers have resumed their frequent travels to the South...

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