Capital shifting from secondary market to ₹5 trillion IPO pipeline: Madhu Lunawat

Madhu Lunawat, founder of The Wealth Company Mutual Fund, has observed a shift of retail funds into small and mid-cap stocks due to perceived inflation. Foreign Institutional Investors (FIIs) are being cautious due to high valuations and currency depreciation, with a ₹5 trillion IPO pipeline in the market.