Dalal Street newbies using IPO muscle to beat down debt
Published on: March 18, 2026, 6:36 a.m. | Source: The Economic Times
India's IPO boom is increasingly funding debt repayment over growth initiatives. Data reveals that nearly a quarter of funds raised in recent share sales are allocated to paying off borrowings, surpassing capital expenditure. This shift suggests companies are prioritizing balance sheet repair and liquidity for insiders rather than investing in new projects.
