"If companies can pass on the increase in raw material prices to consumers, their margins will remain intact. Also, replacement demand is starting to pick up in the auto ancillary sector, indicating a return of growth. Kurian discusses the recent surge in IPOs and stake sales, attributing it to companies taking advantage of the buoyant market and private equity firms seeking exits. When evaluating IPOs, emphasis is on the importance of assessing market leadership, scalability, balance sheet, cash flows, management quality, and valuations. "