The four IPOs cumulatively generated bids worth Rs 1.7 trillion and attracted over 10 million retail applications
HNI portion was subscribed 360x; break-even after factoring in the interest cost for wealthy investors worked out between Rs 1,400-1,500 a share versus closing price of Rs 1,167
Market observers said HNIs had placed leveraged bets, and lost big as their break even cost was more than Rs 850 per share
The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier
The listing was muted compared to the oversubscription seen during the IPO
Centre for the first time exercises provision for IRFC issue
If grey market activity is to be believed, despite the high acquisition price, HNIs will make money.
Demand has been lacklustre and prices have not moved up much in the past few years
Gland Pharma, promoted by China's Fosun, has extended its gains, is up 40 per cent since its listing
Many are looking at covenants previously available only to institutions, such as first loss default guarantees. Covered bonds also gaining in popularity
PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment
Gold ETFs drew largest monthly flows in five months amid risk-aversion
Rossari Biotech will make its stock market debut this week following a hugely successful IPO, which saw 80 times subscription
The company's tight-aggressive business model has done well so far, but with other players, both traditional and new, smelling an opportunity, there could be a very fascinating game ahead
Tax-free bonds, FDs, RBI 7.75% bonds, gilt funds preferred choices
Market-linked debentures and credit risk funds - two products to have grown popular in the past two years - have fallen out of favour since the outbreak
The bulk of the buying by value is likely to be from HNIs, a market expert said
Strata sales in the top five cities last year were worth Rs 6,000 crore
These products come with special privileges for travel, shopping, golf, and other services. A few are exclusive or invite-only, others are available for a high fees
Combined market cap of listed firms down Rs 14.8 trillion