JSA’s Arka Mookerjee said India’s IPO market is shifting from euphoria to greater investor discernment, with increased scrutiny of valuations and pressure on issuers to price offerings rationally. Despite recent market volatility, companies offering strong value propositions can continue attracting demand. Manufacturing, healthcare and businesses using AI to improve operations are likely to lead IPO activity. QIP fundraising is also expected to remain active, while SEBI’s confidential filing route is gaining acceptance among companies planning to go public.
Please click here to read the full interview by Arka Mookerjee, Co-Head of the Equity Capital Markets Practice published in Moneycontrol.
Arka Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.