* Tepid listings hurting; pricing needs to be trimmed

* Property firms seen most vulnerable

* 30-plus firms planning India or Hong Kong listings this yr (Repeats item first published late on Thursday) (For more Reuters DEALTALKS, click [DEALTALK/])

By Narayanan Somasundaram and Prashant Mehra

HONG KONG/MUMBAI, Nov 5 (Reuters) - An ache has hit the belly of investors who feasted on initial public offerings in Asia, in a sign the primary equity window that saw a big revival two quarters ago is begining to quickly shut.

The indigestion is becoming a familiar trend across India, China and Australia, making a case for firms forming a long IPO pipeline to trim their high price expectations.

More than 30 companies plan to list in either the Hong Kong and Indian markets over the next few months. [ID:nHKG176043] [ID:nBOM492635].

The Hong Kong list includes big names such as Rusal, Las Vegas Sands (LVS.N: Quote, Profile, Research) and China Minsheng Banking Corp (600016.SS: Quote, Profile, Research), and a clutch of property firms. Reliance Infratel, a unit of Reliance Communications (RLCM.BO: Quote, Profile, Research), and Vedanta's (VED.L: Quote, Profile, Research) Sterlite Energy are among big Indian offers planned.

"The pricing has been pretty aggressive. Hopefully this market volatility will prevent some of them from launching their IPOs now," said Ho Yin Pong, a Hong Kong-based portfolio manager at RCM Asia Pacific.