Increasing Number Of Growth Stage Businesses Shall Hit The Street: Mahavir Lunawat; 15 companies submitted their IPO documents on 30th September, 2024
FinTech BizNews Service
Mumbai, 2 October, 2024: In a latest milestone, 15 companies submitted their IPO documents on the final day of September 2024, bringing the total filings for the month to 41 – the highest ever recorded in a single month.
Mr. Mahavir Lunawat, Managing Director of leading mid-market investment bankers, Pantomath Capital Advisors, has shared important insights on this development. Pantomath Capital Advisorst has filed 5 IPO documents as Sole / Left lead:
“We had predicted this IPO trend at the beginning of the year itself. We had forecasted more than Rs1.5 lakh crores of fund raise via IPOs this year. Increasing number of growth stage businesses shall hit the street. Moreover, we will have trend of multi-nationals coming to tap Indian capital market. Besides, several other market liquidity parameters, notably monthly mutual fund flow has doubled since last quarter and we are getting close to INR 40,000 Crores of money every month. This has fueled capital market buoyancy phenomenally.”
