Last week, four companies entered the primary markets and achieved a staggering collective IPO fund of Rs 2,50,000 crore. Among them were a PSU financier, a Tata company, a pen maker, and an oil refiner. This massive success confirms their strong buying power. But investors are not content with just buying in; they are also leveraging their investments to increase the size of their applications and maximize their potential gains on listing. Don’t miss out on this incredible investment opportunity!
Over 62,000 applications, or 25% of large HNI bidders, were backed by leverage, amounting to Rs 6,200 crore out of the Rs 2.5 lakh crore worth of bids garnered by the four mainboard IPOs. Investors are taking risks to maximize their gains. Don’t miss out on this incredible investment opportunity!
HNIs typically place the most leveraged bets among all investor categories. For retail investors, the application size is only Rs 2 lakhs, which doesn’t attract many creditors, experts say.
SEBI changed the rule of proportionate allotment to a lottery basis for oversubscription from April 2022 onwards. Tata Tech and IREDA saw the majority of leverage-backed financing, with Bajaj Finance and JM Financial leading the financiers’ pack.
