With more large firms and new-age companies looking to list over the next two years, the average IPO size is likely to rise, Ramesh said.
"The average size (of IPOs) has roughly moved from about ₹900 crore to close to ₹2,000 crore because this year saw the advent of some of the large IPOs of companies such as Bajaj Housing Finance, Hyundai, FirstCry, and Swiggy. So, I think it has navigated towards larger size on an average," Ramesh said in an interview, without providing estimates.
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