DBS Group Holdings has joined the Indian equity capital markets (ECM) industry, obtaining its first mandate through Manipal Health Enterprises’ anticipated $1 billion IPO.
The Singapore-based lender announced that it has established a fully functional investment banking platform in India by expanding into ECM under its merchant banking license. With the IPO, DBS formally enters one of the fastest-growing fundraising marketplaces globally.
With fundraising surpassing $22 billion last year and IPO activity predicted to reach record levels once more in 2026, India’s financial markets have experienced tremendous impetus. Global banks are concentrating more on the area due to strong deal pipelines and high investor demand.
According to DBS, its new ECM desk will provide a comprehensive range of debt and equity services, utilizing its Asian network to link Indian issuers with international investors. Sanjog Kusumwal, a senior banker, will move to India to spearhead the growth.
DBS’s long-term dedication to India’s financial ecosystem and its increasing faith in the nation’s capital markets are reflected in this action.
Source – The Economic Times
