In Blockbuster IPO Week, Subscriptions Totalled Rs 3.5 Lakh Crore, Applications Over 1.5 Crore - News18
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Even as the market week ended Friday was a blockbuster for the IPO market, an expert said the Indian market is retaining its positive trajectory and the momentum is likely to continue going forward. During the week, a total subscription amount of Rs 3.5 lakh crore and more than 1.5 crore applications getting processed in T+3 is a new global record. Mahavir Lunawat, managing director of Pantomath Capital Advisors, said, “The Indian market is retaining its positive trajectory. The primary market stole the spotlight in the week ending December 1, 2023, with a line-up of IPOs capturing investor interest. Tata Technologies IPO, as expected by the Street, witnessed robust demand from all sections of investors.” A total of 5 IPOs were listed this week — Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO, Flair Writing Industries IPO, and Rockingdeals Circular Economy SME IPO. All IPOs, except Fedbank Financial Services IPO, gave overwhelming returns on