India Sees IPO Surge Ahead of Key Financial Disclosure Deadline

Indian companies are making a last-minute dash to the public markets, aiming to attract global investors before a key deadline.

More than a dozen Indian companies have either launched or announced initial public offerings worth 187 billion rupees ($2.1 billion) in the two-week run-up to the Aug. 12 deadline, according to data compiled by Bloomberg.

The cutoff is the last day companies can use their audited financials from the March quarter in IPO filings, a critical detail for many overseas investors.

Indian rules allow the use of financials in IPOs that are up to 180 days old, but stricter U.S. ...