High anticipation for capital mkt reforms in full Budget'
Business Standard|April 13, 2024
The markets are trading at record highs. MAHAVIR LUNAWAT, managing director at Pantomath Capital Advisors, told Puneet Wadhwa in an email interview that he expects the new age technology sector will be one of the key sectoral opportunities in the next five years. Edited excerpts:

A recent report by Pantomath expects the mop up via the initial public offering(IPO) route in financial year 2024-25 (FY25) at 1 trillion. Aren't you being over ambitious?

The optimism surrounding ₹1 trillion mop up via IPOs in FY25 is underpinned by a combination of robust market liquidity and a strong investor interest in fresh market entrants. The current pipeline strengthens the outlook, with 56 companies aiming to raise ₹70,000 crore, having already approached the Securities and Exchange Board of India (Sebi).

Of these, 19 companies have been green lit by the regulator to secure 25,000 crore. Another 37 companies, targeting ₹45,000 crore, are in the approval queue.

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