Popular Vehicles and Services IPO | HDFC Mutual Fund is the largest investor in the public issue, picking Rs 74 crore worth of equity shares via anchor book.
Popular Vehicles and Services IPO: Anchor investors pick shares worth ₹180 crore livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Marquee funds including SBI MF, ICICI MF, HDFC MF, Fidelity, ADIA, Nomura, Goldman Sachs, Nippon MF, Axis MF, HSBC, Sundaram MF, 3P India Equity Fund among others participated. The issue is completely an offer for sale (OFS) of 2.21 crore shares with face value of Rs 2 each. There is no fresh issue segment in the IPO.
Midcaps have outperformed largecaps so far, ever since the market upmove started from March. Nifty 50 is up 13 percent while Nifty Midcap 100 is up over 32 percent. During this time, valuations in the midcap space have become extremely frothy
Consumer discretionary and industrials/capex are the two sectors Jain s fund is overweight on. For consumer discretionary, his reasoning lies in per capita income rising above $2,000 and, for industrials, it is government policies