The regulatory clearances of some of these firms will expire over the next few months, PRIME Database Group MD Pranav Haldea said, forcing them to either restart the entire IPO process or seek an extension from India's market regulator.
As many as 58 companies with Indian regulatory clearance have not launched their IPOs due to global market disruptions caused by U.S.
The total fundraising on all the listing platforms has seen an 18 per cent drop, LSEG data showed."Things are moving slowly, but it is not a complete standstill.
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