Indian IPO segment is expected to boost with companies prepared to raise ₹2.5 lakh crore in the next 12 months, Kotak Mahindra Capital said. Around 150 firms, including Tata Capital and Indian unit of LG Electronics, are planning to tap the equity market, Kotak's Head of Investment Banking V Jayasankar said. Tata Capital is planning to raise about $2 billion.