The Indian IPO market experienced a robust week, with five IPOs collectively receiving bids exceeding ₹1.85 lakh crore. HDB Financial’s IPO stood out, attracting significant institutional interest and becoming the largest NBFC public issue since Zomato. Improved market sentiment fuels this IPO surge, with numerous companies preparing to enter the primary market, anticipating favorable subscriptions and listing gains.
CarTrade Tech shares slip 7% despite 19% YoY rise in Q1 profit; EBITDA surges 45%
CarTrade Tech shares fell over 7% despite the company reporting a strong Q1 FY27 performance, with consolidated net profit rising 19% YoY to Rs 51