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
Like in previous years, most of such resolutions related to board changes and remuneration, specifically employee stock ownership plans (ESOPs).
Companies would rather hold cash to fund working capital requirements or potential acquisition opportunities.
Power, commodities, IT, pharma & chemicals are expected to do well over the next few years, advise market experts.
Reliance Industries, HDFC, ICICI Bank, Godrej Properties, Dixon Technologies and HDFC Bank were among the companies which saw the highest buying by FPIs in the previous quarter.
Of the total amount of Rs 1,88,900 crore, the fresh capital amount was Rs 1,36,992 crore (73 percent), the remaining Rs 51,908 crore was through offers for sale, data from PRIME Database shows.
A high pledge is not considered a good sign by the investors as a downturn in the market price can lead to invocation and change in management.
Spend on eradication of hunger and poverty, healthcare and sanitation fell by 18.6 percent, as compared to FY16
The amount raised from mainboard IPO’s almost doubled in the financial year 2017 to Rs 28,211 crore, compared with Rs 14,500 crore raised in the FY16, and Rs 2,770 crore raised in FY15.
rithvi Haldea, Chairman, Prime Database and Deena Mehta, MD, Asit C Mehta Investments are very upbeat on the NSE IPO. Haldea says 2016 was a good year for IPOs and 2017 looks even more promising.
As on end of September quarter, the total value of mutual fund equity portfolio in listed firms stood at Rs. 4.94 lakh crore as against Rs.4.75 lakh crore held by LIC, shows a data collated by PRIME Database.
The average percentage of shares pledged by promoters of NSE-listed companies hit a 7-year high, with a valuation of Rs 1.98 lakh crore, for the quarter ended June this year.
The increase was attributed to net inflows of Rs 14,671 crore, Prime Database Managing Director Pranav Haldea said.
As per a survey by Grant Thornton India in association with Prime Database, 82 percent of companies in India are yet to start planning or only have an informal plan agreed with the board of directors to meet the requirement of mandatory firm rotation (MFR).
According to a report by Prime Database, 15 buyback offers were concluded last fiscal with a total acquired sum of Rs 1,713 crore, while the amount on offer was Rs 1,763 crore.
"This decrease can be attributed primarily to the base effect as 2014-15 had one mega offer of Rs 11,449 crore from Relay BV for United Spirits," Prime Database Managing Director Pranav Haldea said.
These funds have been raised mainly for business expansion plans and to meet working capital requirements.
The Securities and Exchange Board of India (SEBI) last year imposed a quota of at least one female director on the board of every listed firm, and warned of "very serious" consequences if the thousands of companies did not comply by an April 1 deadline.
The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.
The walk down Dalal Street has become more interesting and profitable over the last one year and mutual fund equity schemes, it seems, have become the preferred mode of investment.
Sebi's March 31 deadline for listed companies to induct at least one woman director on their boards has passed by, without full compliance. Research firm Prime Database says that over 15 percent of India‘s listed companies are yet to toe the market regulator's line and most of these are public sector units, reports CNBC-TV18‘s Kritika Saxena.