Indian IPOs see record Rs 1 lakh crore OFS, promoters and PE funds cash out

Indian promoters, private equity funds, and early investors have pocketed over Rs 1 lakh crore through Offer-for-Sale mechanisms in initial public offerings (IPOs) this year, shattering previous records. The trend has sparked concerns about PE funds cashing out at inflated valuations, but market participants argue it presents rational exit opportunities.