High anticipation of capital market reforms in the full budget: Lunawat

Some new-age technology companies might be in trouble as the PE tap has dried up. However, one cannot generalise the same for the entire sector, Lunavat said in this interview

The markets are trading at record highs. MAHAVIR LUNAWAT, managing director at Pantomath Capital Advisors, tells Puneet Wadhwa in an interview that he expects the new-age technology sector as one of the key sectoral opportunities over the next five years. Edited excerpts:

A recent report by Pantomath expects the mop up via the initial public offer (IPO) route in fiscal 2024-25 (FY25) at Rs 1 trillion. Aren’t you being over ambitious?

The optimism surrounding Rs 1 trillion mop-up via IPOs in FY25 is underpinned by a combination of robust market liquidity and a strong investor interest in fresh market entrants.