Investors need not panic when promoters sell, said Pranav Haldea, adding that instead they should evaluate each case on its merit.
The level of retail interest IPOs too was very encouraging in 2024, with 66 out of 91 IPOs of 2024 getting more than 10 times subscription, and 10 IPOs were oversubscribed more than three times, said Prime Database.
This year's IPO market is more broad-based and the momentum is likely to continue into 2H2024
Of the 31 IPOs that hit the market in H1 FY24, as many as 21 were rolled out in August and September, according to data from PRIME Database
As many as 31 companies raised Rs 26,300 crore through main board initial public offerings in the April-September period against Rs 35,456 crore through 14 IPOs in the year-ago period