The successful Initial Public Offering (IPO) of shares of Equitas Holdings has helped revive the demand for IPO loans, provided by NBFC (non-banking financial companies) divisions of domestic brokerages.
Microfinance lender Equitas Holdings raised about Rs 2,200 crore through its share sale that closed on April 7, subscribed more than 17 times at a price band of Rs 109-110 per share. The non-institutional investor (NII) portion, which sees participation from wealthy investors, among others, was subscribed 57 times. Experts expect the NII portion of coming IPOs of Thyrocare Technologies and Ujjivan Financial Services to see similar demand.
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