Welcome to the 12th episode of Moneycontrol Masterclass, an offering from India's leading financial news platform, focussed on helping readers and viewers understand events and topics that really matter to them.
For Indian investors, the listing and wealth creation by Infosys was a seminal moment. Something similar happened on July 23rd, when Zomato became the first unicorn to list on Indian stock exchanges, ending a long drought for investors who have been waiting for large Internet companies to go public. It has already crossed Rs 1 lakh crore in value, and is now among the top 50 companies in India in terms of market capitalisation.
Its success has made other unicorns and Internet companies hopeful and as a result, a slew companies are now planning an India listing over the next six months- from Paytm to Mobikwik to Policybazaar to Nykaa to Delhivery.
Has the retail investor in India come of age?
Is this being driven by millenials entering the market?
Are they willing to back a disruptive business model even though it may be loss-making?
Is this proof that India can support such listings?
Has this given opportunity for domestic investors to participate in wealth creation?
Can new-age companies deliver strong post-listing returns if priced well?
Should retail investors take a big bite or stay away?
These are some of the questions we will be discussing with an ace panel consisting of Nilesh Shah, MD, Kotak Mahindra AMC; Shankar Sharma, Vice Chairman and Joint MD, First Global; Lalit Keshre, co-founder and CEO, Groww and K Ganesh, Founder, GrowthStory.
Don't miss this Moneycontrol Masterclass on the big shifts driving the Indian capital markets. Join us live and ask your questions on July 30th, 2021 at 6 pm.