Mahavir Lunawat, chairman and managing director at Pantomath Capital, said on the mainboard, an increasing proportion of funds is being deployed toward capacity expansion, balance sheet strengthening, debt reduction, and working capital requirements, even as offers for sale continue to coexist as part of broader capital market activity. In the SME segment, he said, fundraising is led by fresh issue, with capital largely directed toward capital expenditure, capacity augmentation, and working capital to scale up.
