The calendar year 2021 has been a busy one for the primary markets with 17 mainboard issues already having hit the Street. They have mostly been received well by investors with five of the 17 issues garnering over 100 times subscription. MTAR Tech went one step ahead and was the most subscribed issue of 2021 with over 200 times.
However, the secondary market has not been too kind and some of these names have either failed to see listing gains or such gains have fizzled out in a day or two. Look at IRFC, Easy Trip or the recently listed Anupam Rasayan. All of these are currently trading below or nearby to their issue prices.
In this podcast, Arun Kejriwal, founder of Kejriwal Research & Investment and Vikas Jain, senior research analyst at Reliance Securities explained the reason behind this trend, what should investors do now with these stocks and if the euphoria in the IPO market is fading. Listen in!
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU