The upcoming issues of Bharti Infratel and Care may help revive the moribund IPO funding business run by the brokerage arms of NBFCs to some extent. According to industry observers, the two IPOs ? especially that of Bharti Infratel ? have evinced significant interest from rich investors and the NBFCs are advising clients to keep their loan books ready for the upcoming IPOs. ? There is a decent appetite for these issues,? said Ambareesh Baliga, an independent analyst. According to market participants, the demand for IPO financing depends on the valuation and quality of the issues involved. Crisil has assigned an IPO Grade of 4/5 to the Bharti Infratel IPO, whose issue size is around R4,500 crore. The grading indicates that the fundamentals of the IPO are ?above average? relative to the other listed equity securities in India.