Of the last 10 IPOs, eight saw limited to little participation from high-net-worth individuals (HNIs). While the HNI portions were undersubscribed for Swiggy, Hyundai India, Niva Bupa Health and Godavari Biorefineries, another four barely managed single-digit subscriptions. This is a stark contrast to an average of 116 times HNI subscriptions in the preceding 10 IPOs.
ETMarkets PMS Talk | A cooling—not a collapse—of the AI trade could be a tailwind for Indian equities: TrustLine CEO
Global markets face AI investment boom risks, but a measured cooling could boost Indian equities by attracting foreign capital. N. ArunaGiri emphasizes buying with a