[ADDRESS]'s equity capital market is heading for its best month on record, with nearly $10 billion of deals priced in August despite a lackluster stock market. Ample domestic liquidity continues to fuel demand for new shares. The surge was led by the government's blockbuster $3.2 billion sale of shares in Life Insurance Corp. of India.

Manipal Health Enterprises Ltd.'s $958 million initial public offering, alongside a flurry of block trades and institutional placements, further boosted the tally.