India’s IPO market continues to witness strong demand, with no signs of a bubble, according to Atul Mehra, MD & CEO of Axis Capital.

Speaking to CNBC-TV18, Mehra said the success of recent listings, including LG Electronics India, underlines the importance of management quality in identifying winners in the primary market.

LG Electronics India made a stellar debut on Dalal Street, listing at a 50% premium and surpassing its South Korean parent’s $10 billion market capitalisation on day one. The IPO had garnered bids worth over ₹4 lakh crore, the highest ever for any Indian IPO. “If there were a bubble, these IPOs would not have got the response. These IPOs are happening on the back of genuine demand,” Mehra said, citing strong inflows into mutual funds as a key driver.

He added that whi

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