 "pension funds, IPO")
Pension fund managers will soon be allowed to invest in initial public offerings (IPOs) as it’s a “good opportunity” to put money into companies at an early stage, Pension Fund Regulatory and Development Authority (PFRDA) Chairman Supratim Bandyopadhyay told Business Standard on Tuesday. They will also be able to invest in follow-on public offers and offer for sale of companies.
“Pension funds have been missing out on good opportunities to invest in IPOs. We have seen good companies coming out with their IPOs that provide an opportunity to invest at an early stage and benefit from their growth,” Bandyopadhyay said.
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