New Delhi, Nov. 18 -- India's Initial Public Offering (IPO) market is one of the most active globally. In the first nine months of 2025, 81 IPOs collectively raised about Rs.1.21 lakh crore, the second-highest in five years. This followed an all-time high of Rs.2.18 lakh crore raised so far this year, as per recent data. This IPO boom seems to be a sustainable trend powered by India's structural growth story and the necessity for private capital to power growth for mid-to-small companies, supported by a proactive regulatory environment.

In a candid conversation with Livemint, Arka Mookerjee, Partner, JSA Advocates and Solicitors, offered a comprehensive outlook of this bullish market and shared his insights on IPO valuations, the key rol...