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listing gains: Strong listing gains driving retail investors by hordes to IPOs

Retail subscription in the latest two IPOs – Zomato and Tatva Chintan Pharma – is an evidence of their voracious appetite. Both the issues saw more than 32 lakh applications each, almost 5% of the total demat accounts in India. In the case of much-awaited Zomato, the retail category was lapped up within a couple of hours of the issue last week despite mixed commentary about its prospects. The earlier two IPOs – Clean Science and GR Infraprojects – saw 23.5 lakh and 20 lakh applications, respectively, from retail investors. IPOs of 2021 such as Indigo Paints, RailTel Corporation, MTAR Technologies, Laxmi Organic and Nazara Technologies saw more than 20 lakh applications each from retail investors, a consistent trend that was never seen before.

Kotak Pre-IPO Opportunities Fund raises Rs 1,386 cr from NR Narayana Murthy, others

Kotak Pre-IPO Opportunities Fund raises Rs 1,386 cr from NR Narayana Murthy, others
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

PharmEasy parent to acquire 66% stake in Thyrocare for ₹4,546 cr

PharmEasy parent to acquire 66% stake in Thyrocare for ₹4,546 cr
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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