Investors now have early credit and liquidity for investment

IPO Commentary for the week of November 18 to November 24, 202

Mahavir Lunawat, Pantomath Capital Advisors

Mahavir Lunawat,

Managing Director,

Pantomath Capital Advisors

FinTech BizNews Service

Mumbai, November 24, 2023: Week ending 24th Nov is one of the busiest weeks for primary market in recent years, as 5 mainboard IPO of Flair Writing, Fedbank Financial Services, Gandhar Oil Refinery India, Tata Technologies and IREDA opened to raise INR 7,377 crore. The huge appetite for equities stems from the confidence that investors have in the India growth story and the large universe of fast-growing, well-managed companies, which expected to deliver good profits. 

SEBI has announced a reduction in the timeline for listing shares on stock exchanges following the closure of IPOs. The regulation has cut the listing timeframe from the extant T+6 to T+3. reduced timeline means that investor money would be blocked for a shorter duration of time while for a company. Investors now have the opportunity for having early credit and liquidity for their investment, which enable investors to analyse and participate in more number of IPOs opening parallel, as we gear for bigger capital formation.

Nearly 300 companies have debuted on the bourses in the 10 years to FY23. All this has been possible because of the fast-growing and deepening secondary market where the daily average turnover in the cash segment of the National Stock Exchange (BSE) is now about INR 65,000 crore.

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