Among midcaps, Trent (Rs 3,342 crore) was the top stock bet of five prominent insurance companies. Indian Hotels, Federal Bank, Ashok Leyland and Bharat Forge (Rs 1,550-1,900 crore) were their other midcap bets.
A total of 52 Indian corporates raised an all-time high Rs 1.11 lakh crore through main board IPOs in the financial year 2021-22. This was despite the last quarter seeing only five IPOs, according to Pranav Haldea, Managing Director, Prime .