Can Jio and NSE IPOs repeat Maruti feat?

The article compares the upcoming Jio and NSE IPOs with US AI listings by OpenAI and Anthropic, noting that Indian offerings are entering a less favorable market with muted FII interest and flat returns over the past two years. It highlights that Indian IPO valuations are likely to be more sober, with global investors evaluating them on a standalone basis. The key question is whether these IPOs can rekindle foreign investor interest in Indian markets, similar to how the Maruti Suzuki IPO in 2003-04 revived retail participation and triggered a multi-year bull run.