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Growth Takes A Backseat Amid IPO Frenzy Despite Rising Fresh Issues

Instead of funding growth via fresh issues, companies are prioritising the repayment of debt and the bolstering of working capital.

<div class="paragraphs"><p>BSE building. (Photographer: Vijay Sartape/NDTV Profit)&nbsp;</p></div>
BSE building. (Photographer: Vijay Sartape/NDTV Profit) 
Fresh issues in Indian initial public offerings are on an upward trend over the past three fiscals. However, this increase has not translated into a proportional rise in growth capital deployment. Companies appear to be taking a cautious approach, focusing on strengthening their balance sheets rather than expanding their operations.In financial year 2025, fresh issues have accounted for 45% of the total IPOs till September, according...
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