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IPO market sees Rs 1 lakh cr of issuances with majority of them as OFS: IIFL Note

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There has been selling close to Rs 85,000 crore from promoters/insiders/IPO in the calendar year 2021, IIFL said in a note recently. At the same time, there has been an institutional buying of not more than Rs 48,000 crore, the note added. Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

There has been selling close to Rs 85,000 crore from promoters/insiders/IPO in the calendar year 2021, IIFL said in a note recently. At the same time, there has been an institutional buying of not more than Rs 48,000 crore, the note added.
Hence, selling is almost double of what the institutions have bought, including both foreign institutional investors (FIIs) and domestic institutional investors (DIIs). This means that half of the buying is essentially being done by HNIs, retail investors and so called invisible hands.
Talking about the primary market, IIFL said that there have been issuances of close to over 1 lakh crore. But the interesting part is that most of the IPOs this year are offer for sale (OFS) and not primary issuances. This means that money is taken out by the promoters or the private investors and the money is not going into the company.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

Market Movers

CompanyPriceChng%Chng
Asian Paints3,032.70 58.65 1.97
Power Grid Corp174.25 3.25 1.90
HDFC2,507.25 45.20 1.84
Adani Ports703.90 11.90 1.72
Titan Company1,796.25 24.70 1.39
CompanyPriceChng%Chng
Asian Paints3,036.40 65.50 2.20
Power Grid Corp174.05 3.15 1.84
HDFC2,507.70 45.40 1.84
Titan Company1,796.30 26.05 1.47
TCS3,248.25 30.35 0.94
CompanyPriceChng%Chng
Grasim1,547.00 -44.65 -2.81
JSW Steel736.75 -9.95 -1.33
Bajaj Auto3,812.85 -28.70 -0.75
ONGC116.30 -0.80 -0.68
Tata Steel1,401.40 -8.65 -0.61
CompanyPriceChng%Chng
Bajaj Auto3,815.40 -25.25 -0.66
HCL Tech1,028.70 -6.55 -0.63
Tata Steel1,402.50 -7.45 -0.53
ICICI Bank679.35 -2.20 -0.32
NTPC117.40 -0.40 -0.34

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.34000.00000.00
Euro-Rupee88.27000.03400.04
Pound-Rupee103.27900.06800.07
Rupee-100 Yen0.68050.00060.08