Why India’s mid-sized startups are choosing IPOs over the unicorn dream

“However, this shift was primarily driven by the mid-cap IPO segment ( ₹300-1,000 crore). In this, ₹Prateek Indwar, Managing Director and Head of Capital Markets, InCred Capital, said: “The 300-600 crore range has shown a notable increase in activity and has emerged as the most active segment after large IPOs.” ₹“The 500-600 crore band is materially more willing to access public markets today than it was in the mid-2010s or even pre-pandemic.”