There need to be more disclosures on how valuations have changed between a pre-IPO placement and the issue price, she said. For example, a company sells shares to investors at ₹100 and then asks for ₹450 in an IPO within a few months. A company is free to ask for a higher price, but it needs to disclose what happened in the intervening period which justifies the change in valuation, Buch said.
Hindustan Zinc shares can rally to Rs 660, says Jefferies after initiating with Buy. Here’s why
Hindustan Zinc share price surged after Jefferies initiated coverage with a ‘Buy’ rating, targeting Rs 660. Record silver prices and strong cost efficiency are driving