The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. “The money from one issue may not be available for the other; but except for that, the broader market may not see any effect,” said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.
Hyundai GMP indicates 3% loss for IPO investors on listing day
Hyundai Motor India’s shares currently trading at a discount to the issue price of Rs 1,960. The grey market premium (GMP) stands at Rs 1,903,
October 18, 2024