Eighteen offerings seeking 61 billion rupees have been approved by the regulator, according to New Delhi-based Prime Database. "The IPO market has come back to life lately but surely in comparison with the secondary market revival we have seen in the past two years,'' Jagannadham Thunuguntla, head of research at Karvy Stock Broking Ltd., said by phone. "The quality of recent IPOs has been good and pricing has been sensible, which shows up in strong subscription numbers. ICICI Prudential Life Insurance Co. plans to raise of as much as 60 billion rupees in what may be the nation's biggest first-time share sale in six years, people familiar with the matter said in June. "Steps taken by the regulator to streamline the IPO process and make merchant bankers more accountable have "cleaned up the system," Sebi 's Sinha said.

Source: Economic Times July 22, 2016 14:48 UTC