A gig worker waits to pick an order outside a Swiggy's grocery warehouse at a market area in New Delhi, India, May 6, 2024. REUTERS/Priyanshu Singh
New Delhi: Indian companies are testing investors appetite for bigger initial public offerings (IPOs) after recent debuts raked in multifold gains.
At least three IPOs of more than US$1bil each are in the pipeline, with SoftBank-backed food-delivery platform Swiggy Ltd, as well as Indian units of LG Electronics Inc and Hyundai Motor Co planning to tap the market.
