The financial services space, especially the heavyweights, had led the avalanche of fund raising activity during the early days of the lockdown period through QIP’s, preferential issue and a mix of other instruments. As we approach the end of the year, the segment is back in focus with many players eyeing listings. Investment banks are busy pitching to one of them, a housing finance player, backed by a global PE giant. If the plans fructify, it would be the first Indian IPO in this fund’s portfolio in five years. A second housing finance player backed by a desi PE player is all set to launch its IPO in January or February. The same PE firm is also scouting for a pre-IPO fund raising round for its small finance entity. On the other hand, a fourth entity, a micro-finance player is in the wait and watch mode for the time being.