Jeopardise a pipeline, lock in runaway prices, hold inventory
MUMBAI: High prices and rising mortgage rates are hurting demand in India's once-booming housing market, jeopardising a pipeline of about $6 bn in initial public offerings (IPOs) from Indian property companies.
The real estate firms are seeking funds to finance land acquisitions and lock in runaway land prices but their IPOs are faced with the prospect of poor investor response.
"All the big developers (with IPO plans) are waiting. They want to raise money for new projects but they are already holding so much inventory," said Surajit Pal, sector analyst at brokerage Elara Capital.
At least 12 real estate firms are suspending their offers despite getting final regulatory approval, according to analysts. Another six to seven firms have filed their draft prospectus. But only three real estate IPOs have hit
Please explain to me the highlighted parts. Though I know "in the pipeline" means "being planned" and inventory means stock in general.