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How To Navigate The Boom In Primary Equity Market
The New Indian Express
|June 24, 2024
THE primary market is booming.
In the financial year that ended March 2024, equity funds raised through initial public offerings or IPOs rose 22.7% to ₹65,995 crore, according to data from the National Stock Exchange. In addition, shares offered through rights, preferential allotment and qualified institutional placement registered a growth of 22% to 1.2 lakh crore.
That included new listings like Ixigo and follow-on offers from Vodafone Idea. If you seek long-term wealth creation to invest in companies that have achieved a critical mass and are set for future growth, you may consider applying for quality companies. The challenge is to identify the right quality.
There is a plethora of information thrown at you. Companies put up a draft red herring prospectus months before going public. You need to understand the connection between multiple pointers that make up a public offering of shares.
This story is from the June 24, 2024 edition of The New Indian Express.
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