I-banks Axis Capital, Edelweiss & Kotak Mahindra Capital top gainers in India's IPO boom

Local investment banks (i-banks) have won most of the mandates to manage initial public offerings (IPOs), propelling them to the top of the 2015 IPO league table in a boom year for primary market activity. Their global rivals are likely to make a strong comeback in the last three months of the year when bigger IPOs are expected to hit the market.