Investment banks in India are responding to a booming IPO market by offering salary increases of up to 30% for experienced dealmakers. The total workforce in this sector is projected to grow by 15-20%, potentially adding around 300 new positions. This surge in hiring is fueled by a robust pipeline of IPOs, with 145 IPOs already approved and 73 awaiting regulatory approval from the Securities and Exchange Board of India. Notable firms such as 360 One WAM Ltd., Emirates NBD Capital India, and DBS Group Holdings Ltd. are expanding their equity capital markets teams to capitalize on this trend. Despite a strong performance last year, where companies raised approximately ₹1.95 trillion ($21.6 billion), the IPO market has faced challenges early this year due to equity market weaknesses and geopolitical tensions. However, the demand for investment banking professionals remains high, with firms competing aggressively for talent, often resulting in significant compensation increases for bankers switching jobs. The landscape is marked by notable personnel moves as banks seek to strengthen their teams in anticipation of continued growth in the sector.