Yet another Decent listing which turned out to be a BAD listing for NBFC Funded HNIs.
The New RBI Rule kicks in from 1st-April-2022. But the way listings are going on right now, seems like NBFCs (aka QQIBs i.e. Quasi-QIBs) will be kicked out of IPO market long before that date.
That would be a big relief for genuine Retail investors!
This type of listing was needed to stop craze of funded hni they are even ready to pay 12-13% interest and crazily subscribing without thinking now days many retail investors also taking huge funding at higher interest for applying in IPOs but it is completely backfireing them
This may see initial selling pressure as many people are afraid because of overall market condition..but somehow I believe it should rise later.. do not hurry in selling.