Industry players said the sharp sell-off in February forced many companies to put off their listing plans
Since October, FPIs have offloaded Indian equities worth Rs 2.1 trillion.
618 companies were part of the billion dollar club when the markets reached all-time highs on September 26, 2024. That number has fallen to 500 following a $1 trillion wipeout in India's market capitalisation amid relentless selling by FPIs.
The last time this happened was in 1996.
On average, stocks that debuted last year are down 37 per cent from their peak levels.
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