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.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
While bulls were a confident lot after the election results, with every trading session they are once again moving to take control of every corner