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1 Comments

1. Saurabh   I Like It. |Report Abuse|  Link|May 9, 2022 1:24:19 PMReply
What could be the reason for low subscription for IPO, given the hype that was there.
1.1. Aaashish   I Like It. 1|Report Abuse|  Link|May 9, 2022 7:20:46 PM
1) bad market sentiment
2) money tightening by fed

Major dampener

Improper EV value

I think QIB's saw through this

See my other post to understand my views on EV value

Do rate the helpful posts
1.2. Desmond   I Like It. 1|Report Abuse|  Link|May 9, 2022 7:36:24 PM
The ipo is too big - main reason

Secondary reason is market atmosphere - but despite this atmosphere market generated several thousands on crores for the ipo which says a lot