With the new issues market seeing an unprecedented boom, even the big boys of India Inc. don’t want to be left behind. With all kinds of companies cashing in on the IPO boom, large industrial houses too are looking at launching IPOs. The first ‘big boy’ to join the bandwagon is Kumar Mangalam Birla of the Aditya Birla group, which is all set to launch an IPO for its mutual funds business.

The mutual funds business of the group comes under Aditya Birla Capital headed by financial wizard Ajay Srinivasan. It will be a blockbuster event for the ‘Mukesh Ambani’ of the market as several large investors have already shown keen interest in the IPO.

After the Birla group, Reliance Industries is also planning an IPO of its telecom business which has already generated billions of dollars for the Ambani-owned firm. The listing however will be in New York — just like Flipkart which is also planning a New York listing.