12/8/2023 0 Comments Recent ipos![]() ![]() Many of them could not finish their IPOs. Going forward, IPO filings are likely to be robust and are likely to be dominated by mid and small-cap firms. "There is balanced interest between foreign and domestic investors when it comes to a large-sized issue, but for small and midcap issuances, it's skewed towards domestic." "That is the reason why market sentiment is different from large-sized IPOs. Interest rates, inflation, and crude prices are high. Jayasankar added that globally, markets are volatile, though India is in the sweet spot. "Probably over time, we will see large-sized issuances,' said V Jayasankar, managing director at Kotak Investment Banking. "It's good to have a new paper coming in when the flows are strong, the index has peaked, and valuations are rich across sectors. "There is a strong demand from investors, especially domestic investors, for good quality companies in this space. "This is the market where small and midcap IPOs are getting done. Typically, FPIs invest in companies with a $1 billion-plus market cap.īankers say you can manage an issue of up to Rs 1,200 crore without significant foreign participation. Moreover, most IPO-bound companies are from the small or mid-cap space. This month, the Nifty fell by 1.8 per cent, the Nifty midcap 100 by 4.2 per cent and the Nifty Small Cap 100 by 2.2 per cent, respectively.įPI were net sellers to the tune of Rs 7,477 crore.īankers said that though the markets are turbulent, the overall outlook for Indian equities is bullish. ![]() The filings have remained robust despite the foreign portfolio investor outflows (FPI) and decline in benchmark and small and midcap indices in October. This gave the company a valuation of 9 billion, nearly triple its 3. Those who filed their offer documents in October include Capital Small Finance Bank, Popular Vehicles and Services, and Inox India, among others. SmileDirectClub was one of Septembers largest IPOs, with 58.5 million shares of the SmileDirectClub being released at 23, above the 19-22 range.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |