look news india
The Indian stock market has almost recovered from the 6 percent drop that occurred on the day of the Lok Sabha election results. But experts say that initial public offering (IPO) bidders will still have to wait for their performance in the market.
Some IPO bidders will review the impact of the ruling coalition government at the Center and wait until the general budget is presented in July before implementing their listing plans. Experts say that Modi Government 3.0 is now dependent on allies as the BJP has not got a clear majority in the elections, the new government is expected to focus more on consumption rather than capital expenditure. In the current period, the market is unable to digest any kind of turmoil. Market experts believe that once the policies of the new government are understood, the investment of foreign investors will remain constant and the IPO market will see a stir only after getting assurance of stability in the market.
Upcoming IPO
11 IPOs worth Rs 9,200 crore yet to be listed despite Sebi nod
Rs 27,651 crore raised from 29 IPOs so far in 2024
There were 57 IPOs in 2023, with a total value of Rs 49,436 crore.
