India's IPO Boom Fuels Debt Repayment and Capex

India's IPO market is booming, with companies raising a lot of money.

This money is being used for different things.

A big part of it, about 29%, is going to pay off debts.

Another 26% is being used to build new things, like factories or equipment.

Some of the money is also going to invest in smaller companies, pay for leases, and support day-to-day operations.

This is a big change because in the past, companies weren't spending much on these things.

Now, with all this new money, they are getting ready to grow and improve their businesses.