Economist says in an article on Indian IPOs that, “In the first half of the year, as many as 34 companies may list, raising over $14 billion, according to Thomson Financial, compared with $4.6 billion in the same period of 2007. And on January 14th state-owned BSNL, India’s biggest telecoms operator, said it hopes to offer the public a 10% stake, which might raise a whopping $10 billion. “

Reliance Power IPO caused a jittery in the Sensex due domestic investors selling off stocks and mutual funds to invest in the IPO.

Reliance Power Ltd, the largest IPO in Indian history, was 14 times over-subscribed on only the second day of its offering.

Shares in Future Group – parent of India’s largest listed retailer – oversubscribed by more than 133 times ahead of next week’s floatation.

Even bullion dealers in India – the world’s hungriest market for Buying Gold, most often in the form of heavy “investment jewelry” – are moving money into the stock market.”

I myself have sold gold and invested in the equity market,” says Pawan Choksi, a gold dealer in Ahmedabad. “Who will take a chance with gold at these levels? Maybe there will be a correction.”

Recent news about Forthcoming IPOs:

Coal India IPO after Navratna status

Air India IPO likely in 2nd half of ‘08: Patel

India’s biggest IPO raises $3 billion in a minute for Reliance Power

Moneycontrol India : 2008 to be year of mega-IPOs

Emaar MGF Land to raise up to $1.5 bln in India IPO

Sterlite Energy IPO soon: Agarwal

Jaiprakash Power To Raise PE Money Ahead Of $1 Billion IPO

Jindal Power to file for IPO in 2-3 months

Mahindra Holidays & Resorts India Ltd Files Draft Prospectus-The Hindu

SEBI mulls price band on IPO listing day