Carlyle Group Inc. is considering an initial public offering of engineering services firm Quest Global Services Pte in India, people familiar with the matter said, amid increasing investor interest in the nation’s stock market.

Carlyle Group is exploring a potential $1 billion IPO for Quest Global Services in India, targeting a valuation exceeding $5 billion. The engineering services firm may redomicile to India before the listing,

The US investment firm has held early talks with advisers about a possible share sale in Mumbai that may take place as soon as next year, the people said, asking not to be identified because the information isn’t public.

VMML has launched the IPO with a price band between Rs 74 and Rs 78 per share to raise Rs 8,000 crore through an offer-for-sale (OFS).

By Nandan Mandayam and Kashish Tandon (Reuters) -Indian budget retailer Vishal Mega Mart's $943 million IPO was fully subscribed on the second day of bids on Thursday, though a flood of recent offerings dulled retail investors' appetite for a company analysts say is immune to its bigger rivals' problems.

Vishal Mega Mart Ltd.’s $944 million initial public offering was fully sold on the second day of the sale, driven by strong demand from high-networth and retail investors.