Jointmd, Prabhudas Lilladher
We are seeing more investors opting for IPO financing. Since the D Mart IPO (March 2017), the number of IPOS as well as the expectations of investors and the expectations of promoters and merchant bankers, all have increased. The investors who had burnt their fingers in IPO financing in 2007-09 are not yet convinced, but new investors are entering into the fray, buoyed by the listing gains. Since the D Mart IPO, there have been significant listing gains for IPOS, e.g.: CDSL (75%), Shankara Building (37%), AU Small Finance Bank (51%) prompting more and more investors to avail IPO financing.