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The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of.
The buoyant equity markets are keeping investment bankers busy in the year-end holiday season. At least eight initial public offerings (IPOs) are set to open for subscription this week. Of this, three have already hit the Street on Monday. While three new public issues opened on Tuesday, two more IPOs are scheduled to open in the next two days.
The reduction in inflation and the halt to interest rate hikes by the central banks have revived sentiments in the equity markets, stoking fund raising activity. The number of IPOs so far in 2023 has surpassed 2022 levels even though total proceeds are lower than the previous year due to higher mix of small-cap public issues.
The 2023 IPO calendar has been marked by the successful public issues of Tata Technologies, Mankind Pharma which helped maintain investor interest in the primary market. The buoyant market has helped India raise its share in global IPO volume, points out EY, a consultancy.
Measures such as the reduction in time for listing of the securities after the closure of the public issue will help improve primary market efficiency and benefit investors. Greater flexibility in market entry and exit can attract more investments. “Direct listing of Indian incorporated companies on global exchanges remains under discussion and could lead to more activity,” adds EY.
As for the IPOs that are currently open, our Research Team is at work to help you pick the right stocks. You can read their insights here, exclusive to Moneycontrol Pro subscribers.
Our Research Team has analysed all three public issues that have opened today--Happy Forgings, RBZ Jewellers, Credo Brands Marketing. Of the three IPOs, they find one company suitable for long-term investment. They are cautious on one IPO. Read to find out more.
Investing insights from our research team
Equity strategy: Is a spoiler in the making for the Santa Claus rally?
MC Pro New Year Portfolio: These 17 stocks show promise for a rewarding 2024
Ethanol rule tweak — Is it a big relief?
Tracker
Pro Economic Tracker | Power consumption rebounds, auto sales lose festive shine
What else are we reading?
Can oil marketing stocks run up further?
Yemeni attack: are we looking at another supply chain disturbance?
Merged or otherwise, PSBs aren’t the big movers anymore
Chart of the Day: India’s coal usage and production outpace China, world
The Green Pivot: Loss and Damage Fund needs a direction
India must get basics right as Generative AI grows
The world economy’s biggest problem is Africa (republished from the FT)
Oh, climate action can wait for another year
You too may one day have your own satellite
Beware of quantum computer heists stealing your money
It's dumb to make 'decolonisation' a dirty word
Personal Finance
Five sectors that Mahesh Patil of Aditya Birla Sun Life Mutual Fund likes
Technical Picks: Asian Paints, Coal India, Crude oil, Zydus Lifesciences and Zydus Life (These are published every trading day before markets open and can be read on the app).
R Sree Ram Moneycontrol Pro
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