The ongoing weakness in the broader equity market is likely to weigh on primary market investor participation ahead, which has already begun showing signs of fatigue, analysts said. The spillover effect, they say, will continue as long as the midcap and smallcap segments remain volatile. "The effect will be felt in the IPO market. The subscription levels have come down in the last few days and recent 4-5 IPOs have not done well.
Draft Red Herring Prospectus (DRHP) filing continued to be robust in October, signifying the optimism in the initial public offer (IPO) market despite the recent turbulence in equities. In October, 17 companies filed their offer documents for IPOs. The rush in filings has made August-October 2023 the best three-month period for DRHP filings since July-September 2021.
These banks need to build a significant deposit base to start full-fledged banking.
Microfinance portfolio of SFBs saw a muted growth of about 3% last year
Sarvjit Singh Samra's Capital Local Area Bank offers attractive features.
These banks are finding it hard to pick up seasoned bankers at the pay they are offering
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.