IPO funds deployment: Only 26% of proceeds used for capex, majority allotted for debt repayment: BoB study

Bank of Baroda reveals that 65-67% of equity offering proceeds will go to businesses, with 26% for capex and more for debt. The IPO market has grown significantly in FY25, raising ₹1.25 lakh crore from 96 companies, reflecting a strong upward trend.