Kotak IB believes IPO markets may remain muted till elections

"There will be very few IPOs in the first half of 2019, may be only two," head for equity capital markets at Kotak Investment Banking, V Jayasankar said here on Wednesday

The comments come a day after capital markets regulator Sebi expressed concerns over the sluggish IPO activity, despite it already clearing over Rs 60,000 crore worth of issues