The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. “The money from one issue may not be available for the other; but except for that, the broader market may not see any effect,” said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention