mumbai, April 13 -- Companies in India are increasingly pursuing a dual-track strategy of preparing for an initial public offering (IPO) and simultaneously exploring private sales, as stock market volatility affects both timing and valuations, prompting them to keep a backup plan. More than 10 active IPO mandates have transitioned to this dual-track model, especially for deals in the range of Rs.500-Rs.2,000 crore, in the past month, according to investment bankers and deal advisors familiar with the matter. While the trend is becoming become more visible, intermediaries Mint spoke to declined to name any companies, citing dealmaking competition and confidentiality agreements governing the mandate shifts. "I am seeing IPOs with new liquidit...