The retail portion has already been subscribed 2x, HNI by 40%, and institutional investor portion by 6%
There is strong support for Sensex at 58,000-59,000 and Nifty at 17,000-17,300
HONG KONG/SINGAPORE (Reuters) -China Evergrande Group will make it a top priority to help retail investors redeem their investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday.
Move comes ahead of India's largest IPO, expected later this year
Experts said retail investors are enthused by the high premium commanded by Paras Defence in the grey market
'I believe there will be many Utsavs when the market becomes volatile and algos go haywire', says the author
Draws Sebi attention to market functioning, capital influx
The founder & managing director of Valentis Advisors says the firm expect a time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months
Global investors are cautious on India because of expensive valuations, but intrigued by domestic households buying stocks, Swiss brokerage UBS said on Tuesday
The government is also planning a big advertisement campaign for the listing of the IPO
Amit Shah says BNP is getting incrementally selective among small- and mid-cap stocks, and higher impetus is now being given to quality companies as valuations appear rich
Holding period of HNIs, however, was lower at about 47% as on June 2021
Retail investors seem to be the real spice of the IPO frenzy, with surging number of applications and record over-subscriptions making the new listings-platter more than full on the Dalal Street
Some believe the latest correction in the broader market and falling grey market premiums also played on investors' minds
An equal-weighted basket of Indian stocks with high domestic MF ownership and low foreign ownership outperforms a basket with the reverse profile.
The bulk of the bids came from retail investors
Nithin Kamath says that a lot of first-time users, who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals
According to industry players, the many banks found it difficult to process the record 10 mn retail applications garnered, leading to higher failure rate, delayed OTP messages
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