mumbai the storied deal makers on dalal street are living up pm narendra modis bullish epiphany acche din aane waala hain after a drought of big strikes in recent years equity offerings be it initial public offerings ipos or qualified institutional placements qips and mergers and acquisitions ma had taken a tumble as economic slowdown policy deadlock and paranoia on the part of corporate boards kept these activities at bay but improved investor sentiment is already being reflected on the stock market since signs of a probusiness modiled government taking charge emerged as the primary market hinges on revival of the secondary and ma volumes follow the lead of stock markets the 16 increase in the sensex so far this year suggests more action in the coming days the equity market revival said chetan savla senior executive director and headcorporate advisory services kotak mahindra capital may even grow larger than it had during the 200608 bull cycle an improvement in the investor sentiment will stimulate demand for indian stocks leading to a pickup in the equity capital market activity first in qips and blocks and subsequently in ipos said gaurav mehta headcorporate client solutions ubs india according to indias capital market regulator sebi companies that had plans to raise rs 60000 crore through public offerings had withdrawn prospectus or let it lapse after getting all approvals in the modified environment most are expected to revive their ipo plans many equitystarved companies have been waiting for the window to open this time the crucial difference will be governance premium investors will go for quality of promoters and the management its already playing out as the gap between the stocks with better governance and the rest has widened considerably said nipun goel president ibanking india infoline bankers said that government will be a big fund raiser in the capital markets we expect to see a number of psu divestments through the fpo and maybe the block trade route where there are psu cross holdings said ananth venkat headcorporate and institutional client standard chartered bank private equity pe firms too are hoping to make good money exiting their old investments made during the boom years pe exits will happen at greater velocity said gaurav deepak md avendus capital as an estimated rs 85000 crore of investments await options the new governments focus on infrastructure and energy sectors could lead to significant capitalraising across roads capital goods and power sectors there will be realignment of businesses and depending upon availability of options to each of the businesses it will lead to consolidation recapitalization and expansion said chetas desai ceo ambit corporate finance but singhi advisors md mahesh singhi said foreign investors will be watching the management commentary more closely in 2010 in a recovering market postlehman several infra and real estate companies raised enough cash through qips but they are still struggling and desperate for cash somewhere theres a need for a changing management narrative which should not be lost said singhi