Aditya Infotech’s IPO opened with a bang, backed by a 38% grey market premium and strong retail demand. But while firms like Geojit and Reliance Securities recommend subscribing to long-term growth prospects, others, such as SBI Securities, flag high valuations and weak cash flows as red flags.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next