FY25 saw record IPO and QIP fundraising, but most capital hasn’t fueled new projects. Like FY24, funds largely went to debt repayment, general expenses, or promoter exits via OFS. With private investment still below 11% of GDP, hopes of a capex-driven economic revival remain premature.
PNGS Reva Diamond shares to list today. Check GMP ahead of debut
PNGS Reva Diamond Jewellery’s IPO, priced at Rs 386, is set for its stock market debut on March 4. Despite a Rs 380 crore issue