Despite regulator's go-ahead, IPOs of several Indian startups hang in the balance

Despite regulator's go-ahead, IPOs of several Indian startups hang in the balance

FILE PHOTO: A general view of the Bombay Stock Exchange (BSE) in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas/File Photo

Several big Indian startups, which have received the market regulator’s go-ahead for an initial public offering (IPO), are seeing a delay in their listing plans thanks to bleak market conditions and depressed valuations.