Quote on IPO Market Outlook By Dr. V K Vijayakukar, Chief Investment Strategist at Geojit Financial Services.
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Below the Quote on IPO Market Outlook Dr. V K Vijayakukar, Chief Investment Strategist at Geojit Financial Services
The enthusiasm in the IPO market now is the direct consequence of the rally in the secondary market. The impressive 2500 point rally in the Nifty from the lows of March and the good listing performance of some recent IPOs have again triggered retail investor enthusiasm.
However, retail investors should exercise restraint in applying for IPOs. There will be a tendency to launch new IPOs at lofty valuations. Retail investors should apply only if the valuations are justified. OFS should be approached with great caution.
Above views are of the author and not of the website kindly read disclaimer
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