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2025 may push IPO totals near or above 2024's record: Amit Ramchandani

With mega IPOs from Lenskart and Groww ahead, India's record ₹1.6 trillion fundraising looks set to be topped, says Ramchandani

Amit Ramchandani, managing director and chief executive officer of Motilal Oswal Investment Advisors
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Amit Ramchandani, managing director and chief executive officer of Motilal Oswal Investment Advisors

Samie Modak Mumbai

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With large initial public offerings (IPOs) such as Lenskart and Groww set to launch, this year’s IPO mobilisation tally is set to cross last year’s record of ₹1.6 trillion, says Amit Ramchandani, managing director and chief executive officer of Motilal Oswal Investment Advisors. In an email interview with Samie Modak, he says a diversified pipeline and resilient domestic liquidity make the 2026 outlook equally buoyant. Edited excerpts: 
What factors are driving the revival in equity capital markets? 
The rebound since April stems from three factors. First, early-year geopolitical and macroeconomic concerns have moderated, supported by Reserve Bank of India repo