According to Haldea, the bigger threat for IPO market is the newly detected Omicron variant and the possibility of the US Federal Reserve hiking interest rate.
In January, depending on the impact of Omicron, the picture for the quarter will become clear.
According to Prime Database, nine issues have announced opening dates in December to raise Rs 7562 crore.
In a recent report, Jefferies said mobile wallets saw strong growth over FY16-19, but transaction growth has since slowed, due to a combination of KYC obligations that were imposed in FY20 and Covid-related impact in FY21.
Insuretech has seen a pick-up in funding activity lately, while wealthtech segment has lagged in capital raising of late.