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.
Atul Suri bets on IT, pharma and FMCG for next six months
But the thing that really stands out for me at the moment are the things that I am working on, which takes up my time,
September 12, 2024