Big IPOs making comeback in India driven by stock boom

Some concern: Voters register at a polling station during the fifth phase of India’s national elections in Mumbai. Indian stocks have beaten their peers in the emerging market, but poll jitters in recent weeks have stoked volatility. — Bloomberg

MUMBAI: A boom in tiny initial public offerings (IPOs) in India may soon be followed by larger deals, broadening options for global investors looking to join the nation’s equities frenzy.

Citigroup Inc, the top arranger of equity offerings in India this year, sees four to five IPOs of at least US$1bil each over the next year.