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Banks access IPO investments, book stock exchange gains

Banks set internal parameters before investing in IPOs that have huge potential for unexpected gains while the bond market is not really up.

Summary

Banks are said to have significantly supported recent issues such as Tatva Chintan Pharma, GR Infraprojects, Clean Science & Technology, Shyam Metalics and Laxmi Organics. Qualified institutional buyers’ shares in all of these IPOs were subscribed between 150 and 180 times. With a strong IPO pipeline, bank treasuries are expected to increase their stake in stocks.

The super-rich – and the not-so-rich – aren’t the only people making serious money on D-Street this IPO season. The otherwise conservative treasury units at high street lenders are also reportedly dragging through the IPO frenzy, with the average Indian saver finally biting into Zomato. Banks are expected to have recent issues such as Tatva Chintan Pharma, GR Infraprojects, Clean Science &

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Aug 11, 2021 09:56 PM IS

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