It is expected that at least two initial Indian public offers (subscription subscriptions) will be postponed with a combined value of $ 759 million, according to investment bankers, adding to an increasing number of companies that were delayed for the first time in the stock market due to the weak morale of investors.
Avanse Financial Services, a provider of education loans, and the ANTHEM BIOSCINECES drug manufacturer are among the companies that are expected to postpone the operating subscriptions. Join other prominent companies, including the Indian unit of the South Korean LG Electronics (LGEL.NS), in setting their plans listed on the list.
“There are only institutional investors chosen at this stage given the global insecurity,” said Sorraj Krishnaswami, Managing Director of Investment Banking Services at Axis Capital. “The Pakistani tensions in India did not help.”
The delays at a time when global trade tensions and geopolitical instability, including tariffs related to US President Donald Trump, have reduced the economic outlook and caused the reassessment of capital raising strategies.
The first appearance of the market from the Scotter Electric Ather Energy maker (ATHR.NS) – which is seen as a public subscription address – indicates caution in the market. Although it is listed by 2 % of the price of the release of 321 rupees, the arrow ended its first day with a decrease of 5.8 %, which reflects broader concerns about profitability and intense competition in the EV space.
To date this year, India-the second largest market for subscription last year in the world-witnessed a decrease of 58 % in the number of subscriptions in the main stock exchanges, with a total decrease in 18 % decrease in platform donations, according to Prime Database and LSEG data.
Avanse Financial obtained an organizational approval of the public subscription of $ 356 million in October 2024, while Anthem Biosciences obtained a permit for a case of $ 403 million on April 3. None of the company did not respond to Reuters requests for comment.
According to Pranav Haldea, Managing Director of the Prime Database Group Group, some companies risk losing their organizational approvals in the coming months unless the public subscription process is restarted or accessories from the securities organizer in India.
The retail investor also played a slowdown in slowdown, as many still reeling from recent market fluctuations. Sandy said: “You do not want to provide (for public subscription) when you don’t know the time when the volatility will continue,” Sandy said.
