has boosted sentiment. Benign liquidity conditions will also help garner institutional investor support.
In the past two months, eight IPOs
have hit the market. Of these, six have seen robust subscription and good listing.
“The markets are receptive to good-quality IPOs. The performance of recent IPOs, barring some exceptions, has been decent. Some issues lined up are unique stories with good management, and there could be a lot of investor interest. There is a lot of money waiting to be deployed and lot of institutional investor interest. Even retail investors are aggressive now,” said Pranjal Srivastava, an independent equity markets professional.
Besides existing companies
reviving their IPO plans, newer ones are readying their offer documents. At least six companies, including Kalyan Jewellers, Mrs Bector Food, and Suryoday Small Finance Bank, have filed their offer documents in recent months.
Sandip Khetan, IPO leader at EY India, said October-March would be good for IPOs.
“The second half looks significantly better. IPOs might continue to allure investors in the primary market after successful subscriptions in recent times.”
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.