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Markets / The Economic Times

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Only 26% of IPO funds going to capex, BoB Study reveals

A Bank of Baroda study reveals that only about a quarter of equity raised through IPOs is allocated for capital expenditure. Most funds are used for debt repayment, subsidiary investments, and working capital, with a significant portion of IPOs being offer-for-sale by existing shareholders, raising concerns about the purpose of public markets.

1 Dec 2025 6:05 am