 "Equity markets around the world continue to be on a tear. The MSCI Global Equity Index is close to its lifetime highs, up a staggering 30 per cent over the last year. But it is not just equities; all asset classes have thrived in recent months.")
IPO pulse weakens: New listings struggle for breath in mkt vacuum
It is not just the secondary market navigating a turbulent phase; the primary market is also facing challenges, as indicated by grey market premiums (GMPs). This week’s pipeline includes three launches — Swiggy, Sagility India, and Acme Solar Holdings — and one listing, Afcons Infrastructure. The GMP for these four transactions ranges from minus 5 per cent to 5 per cent. Shares of food delivery giant Swiggy are commanding a premium of 5 per cent, while Afcons Infrastructure, part of the Shapoorji Pallonji group, is expected to list at
