Unsure if India's IPO market will recover in 2014: NSE CEO

Tags: IPO, NSE, Stock Market
India's IPO market may not revive this year unless the country sees a more sustained economic recovery, National Stock Exchange CEO Chitra Ramkrishna told a TV news channel on Tuesday.

"There is no surety that India's initial public offer market will recover in second half of 2014," Ramkrishna said. "Sustained period of economic uptick will help IPO market revive."

The IPO market remains slow, even as the Nifty has hit a string of record highs since February, which analysts attribute to a weak economy and dwindling participation by retail investors in the wake of the global financial crisis in 2008.

The NSE has seen 2 listings, with two more announced so far this year, against 6 for the whole of 2013. That's sharply below the 71 IPOs seen in 2010.

EDITORIAL OF THE DAY

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture