India is witnessing an all-time boom in its capital market, in secondary as well as its primary market. It has been touching new highs every day. Just as secondary markets, primary markets are booming too i.e. IPO. It is a frenzy time for IPOs and there is queue of IPOs waiting to hit the market. Despite the fact that history says not many IPOs have given long term durable returns, irrespective of the pedigree of the IPO, Purpose of the IPO and Fundamentals of the compnay, IPOs are being oversubscribed dozens of times. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
#IPO #CapitalMarket #IDBIBank #PNB
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