Nitin Bhasin of Ambit Capital highlights the growing consumption power in India’s Tier-2 and Tier-3 cities, driven by rising rural incomes and digital penetration. GST cuts are boosting festive sales, particularly in autos and FMCG, with e-commerce volumes soaring in smaller urban centers.
Jio IPO breaks multiple records: From fundraising to investor demand, how the mega issue rewrote India’s IPO history
The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs.