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Published on 25/11/2020 1:06:59 PM | Source: Angel Broking Ltd

Quote on Upcoming IPOs By Keshav Lahoti, Angel Broking

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Below are Quote on Upcoming IPOs By Mr. Keshav Lahoti- Associate Equity Analyst, Angel Broking Ltd

“Today, Indian market touched a new lifetime high again. Companies prefer to launch an IPO when there is liquidity and positivity in the stock market. When peers companies are trading at premium valuation, companies get advantage of announcing the IPO at high price. Many IPO launched over the last few months such as Route Mobile, Happiest Minds made investors double on the day of listing. Many companies delayed the IPOs due to the correction in the market due to pandemic. Hence, the pipeline of the IPO is quite strong and market conditions are also favorable. We believe many IPO will be launched in the next few months. Few key IPOs which investors are eagerly waiting for in the pipeline are LIC, NSE, Burger King, Kalyan Jewellers, Zomato and RailTel Corp.”

 


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