Some believe the latest correction in the broader market and falling grey market premiums also played on investors' minds
The figure for July was almost 4 times higher than that of June, when 1.94 million mandate creation requests were made through UPI
The Nifty IT index jumped 3 per cent and ended around record high levels of 32,245.
The response to both issues was modest when compared to recent IPOs
The company, backed by TPG and Temasek Holdings Pte, is working with advisers on a potential offering
The company prepared a draft red herring prospectus and sought views, as well as a go-ahead, from DIPAM
On Monday, Sapphire Foods announced that it raised Rs 1,150 crore funds through a mix of primary and secondary rounds from private equity funds
Markets are booming but high valuations can be a spoilsport
The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.
Any company launching an IPO takes valuation cues from the secondary market, which bankers say are "encouraging"
The BSE Sensex closed at 54,555 levels, up 152 points or 0.28 per cent. The Nifty50 index shut shop at 16,280 levels, up 22 points or 0.13 per cent
With foreign money pouring into the start-up universe, the economy may finally get the stimulus that the government was unable to provide
Stock market LIVE: In the broader markets, the BSE MidCap and SmallCap indices declined over 1 per cent each
CarTrade is an electronic exchange focusing on auto sector and thus there is no peer company having similar business operations
According to market players, the GMP for CarTrade is 25 per cent, while Nuvoco Vistas is less than 10 per cent, over their offer price.
So far in the current fiscal, 16 companies have raised Rs 30,666 crore through IPOs against Rs 31,277 crore by 30 firms in the entire 2020-21.
Superb listing gains made by companies listed recently have prompted investors to enthusiastically participate in all IPOs
Their holding rose to all-time high of 7.18% in Q1; institutional holdings decline
Market experts say buoyed by returns from recent IPOs, retail investors are now subscribing to all offers being launched. The last four firms to list have seen gains of 65-113% on the first day
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.