Small firm listings are still rising, but Sebi’s curbs have started working
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…