Smells like teen spirit: Young Indians keen on IPOs of new-age companies
SECTIONS
Share
Synopsis
The upcoming rush of new-age consumer internet companies listing on Indian bourses, including that of the food-delivery and restaurant discovery platform favoured by Ayush, has piqued the interest of a new crop of millennial and GenZ investors who are more vested in the consumer technology ecosystem.
ETtech
Illustration: Rahul Awasthi
Seventeen-year-old Ayush who is “bullish” about Zomato’s
much anticipated public offering will be among those looking to try their luck when the stock opens for subscription on Wednesday.
The upcoming rush of new-age consumer internet companies listing on Indian bourses, including that of the food-delivery and restaurant discovery platform favoured by Ayush, has piqued the interest of a new crop of millennial and GenZ investors who are more vested in the consumer technology ecosystem.
Synopsis
Excited about investing in a product they use, millennial & Gen Z investors pad up for their IPO debut
ETtech
Illustration: Rahul Awasthi
Seventeen-year-old Ayush who is “bullish” about Zomato’s
much anticipated public offering will be among those looking to try their luck when the stock opens for subscription on Wednesday.
The upcoming rush of new-age consumer internet companies listing on Indian bourses, including that of the food-delivery and restaurant discovery platform favoured by Ayush, has piqued the interest of a new crop of millennial and GenZ investors who are more vested in the consumer technology ecosystem.
“If it (Zomato) manages to get above Swiggy, it can easily branch out into its own cloud kitchens and cut costs. Foreign counterparts are already doing this, and cloud kitchens have exploded in India recently,” says the Mumbai-based teenager, undeterred by the fact that a mere 10% of the Rs 9,375 crore issue that goes live on July 14 is rese
The Proust Questionnaire is a questionnaire about one’s personality. It has its origins in a parlour game popularised by Marcel Proust, the French essayist, who believed that in answering these questions an individual reveals his or her true nature.
With the Securities and Exchange Board of India (Sebi) insisting on a physical agreement between financial advisors and investors, a move that will increase the costs of acquiring clients, these new-age firms providing algorithm-driven investment advice — known as robo advisory — are revisiting the viability of such platforms in their current form.