India’s IPO pricing for venture-backed companies has stabilised in recent times as the market has got deeper, propped up by domestic mutual funds, according to B Capital’s Howard Morgan and Karan Mohla. They expect pricing to ease further for the next wave of listings as foreign institutional investors return in the second half of this year.”A few years ago, it was very hard to do an IPO in India, and the pricing wasn’t very stable. Now, the