At a final deal size of Rs24.5 billion $555 million this is the largest IPO by an Indian company this year, but the level of demand shows the market had no problem absorbing it. As a matter of fact, the total interest of $24.5 billion for this company alone suggests that the 2007 IPO pipeline, which bankers estimate includes at least $10 billion worth for deals, wonÆt be much of a challenge û as long as the underlying market holds up.
Qualified institutional...
¬ Haymarket Media Limited. All rights reserved.
