New Delhi, July 22 -- The primary market is witnessing renewed momentum, with the IPO pipeline gathering pace despite ongoing global uncertainty and geopolitical tensions.

However, Mohit Gulati, CIO and Managing Partner at ITI Growth Opportunities Fund, cautioned that the IPO market is showing signs of a real reopening, but this is still a more selective phase than a euphoric one. Investor appetite is clearly there for well-priced, quality businesses with credible earnings visibility, while the excesses of rewarding weak paper at any valuation appear to be behind us.

Talking about the upcoming IPOs in the pipeline, Lohia Corp IPO, Indo-MIM IPO, and Xtranet Technologies IPO are all set to open for public subscription on 23 July, offering...