The listing fell slightly short of expectations, despite Ecos Mobility’s shares trading at a grey market premium (GMP) of 48% above the issue price before the debut. The IPO garnered significant attention, with a subscription rate of 64 times, primarily driven by non-institutional investors.
Economic recovery Isn’t enough, earnings must follow: Samir Arora
Samir Arora of Helios Capital discusses the Indian market, noting IPOs trading below issue price and block deals. He believes market strength drives selling, not