“Equity as an asset class is only gaining more acceptability with domestic investors which is visible from the continuously increasing SIPs with mutual funds. Even at this, it still makes up to about a mere 4.8% of Indian household savings – which is substantially lower than its global peers. As the GenZ comes into the mainstream, we expect this number to only get better, leading to a much stronger and continued domestic flows.”
Waaree Energies IPO opens on Monday. Price band, GMP among 10 things to know before subscribing
Market analysts report that Waaree Energies’ current GMP stands at Rs 1,340, reflecting an 89% premium to the issue price. The offering consists of a