ICICI Prudential Mutual Fund will resume lump-sum investments in its small-cap fund on January 23, after previously limiting inflows due to stretched valuations. The fund house had warned of overvaluation in mid- and small-cap stocks, noting their market-cap growth outpaced profit share. Valuations have since cooled, though many still consider them elevated.
CMR Green Technologies IPO Day 3: Issue booked over 127 times on strong QIB demand; 40% GMP signals strong listing premium
CMR Green Technologies’ IPO saw a strong subscription of 127 times, with QIBs leading the demand. The issue, an offer-for-sale, garnered a grey market premium