IPOs 2021: Ahead of India Pesticides listing and GR Infra and Clean Sciences IPOs subscription next week, Anil Singhvi says promoters should keep room for listing gains
As India Pesticides IPO listing is scheduled for Monday and many more Initial public offerings lined up in July and in later part of the year, Zee Business Managing Editor Anil Singhvi said promoters of these IPOs should keep room for listing gains for investors.
As India Pesticides IPO listing is scheduled for Monday and many more Initial public offerings lined up in July and in later part of the year, Zee Business Managing Editor Anil Singhvi said promoters of these IPOs should keep room for listing gains for investors. "They should make money. It is their right," he said.
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G R Infraprojects and Clean Sciences and Technology IPOs are set to hit the market next week on July 7. Ahead of the subscription of these IPOs and other lined up IPOs, the Market Guru said there will be two types of action one in primary market and another in secondary market. Talking about
"It is always good for the market that the better IPOs with bigger size and strong companies are listed. It gives you opportunity to put money in different companies. It also attracts more investors in the market. One should give up the notion that if 40,000 crore IPO is set to venture in the coming months, it will affect equity market or secondary market negatively. It does not work like that. It can happen when a single IPO of such volume makes entry in the market. Also, good thing about upcoming IPOs in the next six months is that most of them are of good quality. In majority of cases, these are companies which have solid business model and are venturing with old track record.
Talking from investors point of view, Zee Business Managing Editor, said," Promoters should keep in mind that they keep the valuation cheaper than the listed players and keep room for listing gains. Investors should make money with these IPOs. They should not be swayed by current market levels, price of listed players and money put in by the investors in their IPOs. Every IPO promoter should make it a point that they leave 20 to 30 per cent listing gains for investors as that is their right.
Besides G R Infraprojects and Clean Sciences and Technology IPOs, the initial public offerings of Aadhar Housing Finance, Paras Defence and Space Technologies Ltd, Go airlines Seven Islands Shipping and Devyani International Limited are likely to hit the market in July.
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