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Mahavir Lunawat, the founder and managing director of Pantomath Financial Services Group, predicts a significant boost in the IPO market following the Budget 2024. In an interview with Mint, Lunawat discusses the factors driving retail investors' enthusiasm for IPOs and anticipates strong responses for upcoming offerings.
Lunawat attributes the current IPO boom to a mix of favourable market conditions and high liquidity. With stable interest rates and low inflation, companies are more inclined to go public. These conditions create an environment conducive to growth, making IPOs attractive to both companies and investors.
Retail investors are particularly bullish on IPOs, according to Lunawat. The positive market sentiment and promising economic outlook are key reasons behind this optimism. Investors are confident that the stable financial environment will support robust market performance, encouraging them to participate actively in new public offerings.
Lunawat expects the IPO market to gain further momentum after the Budget 2024. He believes that the budget will reinforce investor confidence and enhance the attractiveness of IPOs. This, combined with the already favourable conditions, is likely to result in a stronger pull in the IPO market, drawing significant interest from both retail and institutional investors.
Looking ahead, Lunawat anticipates that several upcoming IPOs will receive strong responses. The combination of a supportive economic environment and positive investor sentiment sets the stage for a thriving IPO market in the near future.
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