Several IPO-bound Indian companies hit by last-minute lawsuits, complaints

Several IPO-bound Indian companies hit by last-minute lawsuits, complaints

Photo: Bill Oxford / Unsplash

High-profile companies bound for public listings have been hit by surprise lawsuits and complaints from former insiders and vendors alleging breach of past contracts and non-payment of dues, creating uncertainties for the timelines of their initial public offerings (IPO) and casting doubts over their post-listing share performance.