The Indian IPO market is buzzing! Anlon Healthcare's IPO has already captured attention, and other companies are also making waves. Let's dive in for a quick market update.
Anlon Healthcare's Run
Anlon Healthcare's IPO witnessed strong demand, with a subscription of 3x on Day 2, fueled by the retail portion booking 22x. Before listing, the unlisted shares were trading with a 5-7% GMP over the IPO price. This performance has certainly got investors in India excited, showcasing confidence in the healthcare sector.
Other IPO Highlights
Current Infraprojects IPO was subscribed a massive 31.3 times, showing strong investor interest. Sattva Engineering's offer also performed well, seeing 5.65 times subscription on day 2. These numbers reflect the broader interest in Indian infrastructure and engineering sectors and are great for the Indian Economy.
Market Sentiment Check
Mangal Electrical Industries shares debuted below their issue price, ending nearly 5% lower, which is a reminder of market volatility. The debut of Groww's IPO is also expected, as it has received clearance from SEBI, potentially setting the stage for one of India's largest fintech listings.
Should You Invest?
With the market showing mixed signals, potential investors should do their homework. Consider the company's fundamentals, market trends, and expert advice. Remember, investment decisions should align with individual risk tolerance and financial goals in the dynamic Indian market.
