Moelis & Company India CEO Girotra on Indian IPOs, M&A Activity

The video discusses the performance of Indian markets, highlighting structural changes and reforms that have led to a multi-year bull run. It explores factors influencing market trends, including US interest rates and geopolitical risks. The video also covers fundraising trends, the impact of COVID on digital adoption, and the shift from private to public markets. Finally, it examines M&A activity and future economic prospects, emphasizing the importance of digital and physical integration.

What are some of the structural changes in India that have contributed to the market's performance?

• Decrease in unicorn creation

• Reduction in government spending

• Increased reliance on imports

• Corporate deleveraging and digital economy framework

Which of the following is considered a known risk to the Indian market rally?

• Growth in digital economy

• Increased domestic consumption

• US interest rates

• Rise in unicorns

What has been a significant change in fundraising trends in India recently?

• Decline in digital company investments

• Shift from public to private markets

• Increase in domestic flows into stock markets

• Decrease in private equity flow

How has COVID-19 impacted digital adoption in India?

• Reduced online retail consumers

• Increased reliance on physical markets

• Slowed down digital transactions

• Accelerated digital adoption across all age groups

What is a key theme in the M&A activity in India's digital economy?

• Focus on acquiring only digital companies

• Avoidance of mid-cap acquisitions

• Exclusively targeting international markets

• Phygital approach combining physical and digital

Which sector is seeing strong M&A activity due to the de-risking of raw materials from China?

• Automobile

• Pharma

• Real estate

• IT services

What role does private equity play in the current M&A landscape in India?

• Concentrating on small-scale businesses

• Avoiding consumer-focused sectors

• Leading inbound investments in pharma and IT services

• Focusing on real estate