More FPIs showing interest in IPOs, says Kotak’s Ramesh

Mumbai: Record fundraising through initial public offerings (IPOs) by Indian companies has sparked the interest of first-time foreign investors in the space, said a top investment banker. Historically, Asian and Indian funds have been the biggest participants in the country’s new offerings, but in the past few months investors from newer geographies have dipped their toes in the domestic IPO waters, said S Ramesh, CEO, Kotak Investment