India: HDFC Mutual Fund, six others to hit the markets seeking to raise $2b

Seven initial public offerings (IPOs), including those of Lodha Developers and HDFC Mutual Fund, are expected to hit the markets in the coming week to raise more than ₹14,000 crore. The first among them would be TCNS Clothing, which sells its products under W, Aurelia and Wishful brands, that will launch its ₹1,125 crore IPO. Lodha Developers, HDFC Mutual Fund, Nekkanti Sea Foods, Flemingo Travel Retail, Patel Infrastructure and Genius Consultants are expected to launch their respective IPOs in the coming week, according to people familiar with their plans.