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The earlier norm was to bid huge amounts in a single application and corner shares in allotment. Now, it has changed to putting up multiple applications by turning to friends, family or even foe, said experts
With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), these lenders are keeping market borrowings at a bare minimum.
The initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales.
As Durga Puja arrives, it brings with it the excitement and preparations for festivities. Shithi Saha has already gifted a puja special song to her fans.
Rich individuals who are used to making a quick buck in an IPO by using leveraged finance will find the going difficult as twin regulatory moves – one each by RBI and Sebi – have put a spanner in the IPO financing arena. It seems to be good news for retail investors though