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Decoding the mad rush for technology IPOs in India July 19, 2021 Seize the moment appears to be the mantra for investors these days. After all, what explains the euphoria behind food delivery firm Zomato Ltd’s initial public offering (IPO). Its valuation was already expensive at around 12 times estimated FY23 revenue. Yet, the book-built part of the loss-making firm’s IPO was subscribed about 38 times, with investors banking on a listing at a $10 billion valuation. Other internet firms are lining up their IPOs, too, to take advantage of the frenzy on the Street. The pipeline of tech-relat...

Stellar gains! Nearly 70% PMSes outperform Nifty in 2020; 6 funds in the red Equirus Securities' Long Horizon Fund was the top gainer in 2020, rising 61.55 percent year-on-year. January 22, 2021 / 12:34 PM IST Calendar 2020 was a year of many firsts. The market went from record highs in the opening months to multi-year lows in March and back to record highs by the end of the year. Despite the push and pull, the bulls managed to dig in, with the Nifty rising 14.9 percent during the year. The heavy lifting by the bulls was more apparent in the broader markets, as smallcap and midcap rose 2...