'India will see $25 billion in IPOs over a year'

Citi is poised to dominate the IPO market, targeting significant deals and a larger market share. Investment banking head Rahul Saraf highlights robust M&A and equity activity driven by private equity exits, corporate carve-outs, and MNC reassessments. Despite potential short-term volatility, a strong IPO pipeline and abundant liquidity suggest continued momentum, supported by India's economic growth and political stability.