‘Delayed LIC IPO could be the reason for bumper listings of Route Mobile, Happiest Minds, others’



a young man wearing a suit and tie: 'Delayed LIC IPO could be the reason for bumper listings of Route Mobile, Happiest Minds, others'


© Sunil Matkar
‘Delayed LIC IPO could be the reason for bumper listings of Route Mobile, Happiest Minds, others’

Widespread investor awareness and higher risk propensity has resulted in strong retail participation in direct equities, including IPOs. Another reason for the current flurry of IPOs could be that, Life Insurance Corporation of India, which was supposed to come up with its IPO and put pressure on secondary market liquidity, isn’t ready yet, Gopal Kavalireddi, Head of Research at FYERS said in an interview to Moneycontrol’s Sunil Shankar Matkar.

Edited excerpts:

Q: After 10 IPOs in three months, do you think the primary market activity could slow down for couple of months?

Initial Public Offerings (IPOs) witnessed renewed interest from retail as well as other investors owing to a variety of reasons. Since the onset of the coronavirus pandemic and vicious stock market correction in March 2020, volatility has trended down

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