We need to be mindful of responsible pricing: Kotak Investment Banking CEO

One takeaway from last year is that most IPOs returned money to the investors, S Ramesh, Managing Director and CEO, Kotak Investment Banking, said

The year 2023 was robust for equity capital market (ECM) activity and the momentum will sustain this year, believes S Ramesh, managing director (MD) and chief executive officer (CEO), Kotak Investment Banking. In an interview with Sundar Sethuraman in Mumbai, Ramesh says there could be a small lull in private market activity ahead of elections. He also stressed the need for responsible pricing so that investors make money and are enthused to return to the market. Edited excerpts:

We have had a blockbuster year as far as ECM activity is concerned. What have been the key takeaways? How will 2024