Markets flooded with IPOs – Why caution is warranted
Potential investors need to exercise more caution on the recent IPOs as many of these listing pops would turn out to be short-lived
August 04, 2021 / 10:47 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The IPO activity continues to gather pace with a record number of 4 IPOs opening on August 4. The smallest among them is Exxaro Tiles, which aims to raise Rs 161 crore through the book-building process. Given the listing euphoria, the recent IPO issuances have pulled in a massive amount of capital as the fear of missing out has replaced the fear of losing money. However, it would be prudent for potential investors to exercise more caution on the...