Economy · 14 days ago
Promoters drive majority of IPO proceeds
Data reveals that Offer for Sale (OFS) components accounted for 61% of total IPO proceeds in India over the past 18 months, totaling approximately ₹2.3 trillion. Analysts suggest this trend reflects promoter efforts to monetize holdings rather than raise capital for new business expansion. The surge has sparked discussions regarding the long-term impact on equity markets.
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