Sebi has given its observations and approvals to 56 companies seeking to raise a massive Rs 1.4 lakh crore through IPOs in FY23, while 41 more are in the queue. Approvals to these companies will add another Rs 81,000 crore
The economy is already benefitting from four key engines of growth – i.e. financialization, digitization, formalization, and premiumization – which structurally could lead to a super-cycle of IPOs in the domestic capital market, says Jalan.
Primary market investors will be spoilt for choice this week. Experts are of the view that two of them will be good for both listing gains and long-term wealth-building.
From a valuation perspective, most of the IPOs were offered at higher valuation but growth potential makes them an attractive buy even now or on dips, suggest experts.
The market regulator will use artificial intelligence (AI) and blockchain technology to enhance surveillance on markets and companies.
“Despite the new government coming in, despite optimism in the country, despite great Budget propensity to raise capital in primary market in this country is very subdued,†said UK Sinha.
Market regulator Sebi today cautioned the credibility of primary markets is at stake as retail investors on many occasions are left clueless about their returns as scores of stocks are trading way below listing price.
A panel of experts explain to CNBC-TV18 the various aspects of the Sebi‘s decisions and agree that the measures announced, if not sufficient, are positive and in the right direction.
Today, the Securities and Exchange Board of India (SEBI) board is likely to discuss comprehensive reforms to revamp the primary markets. As many as 18 regulatory amendments are likely to be deliberated.
According to Venkat Ramaswamy of Edelweiss Financial Services, the success of the MCX IPO will give a fillip to primary markets and will help revive demand in the segment.