Mumbai: India’s red-hot IPO market in 2025 was driven less by companies bringing in growth capital and more by existing shareholders using high valuations to cash out. Of the 103 motherboard listings that raised ₹1,75,901 crore, ₹1,11,495 crore, or 63.4% of the total proceeds, was sent to existing shareholders through the OFS route. In contrast, […]
