Priyanka Tiwari
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Suspense crime, Digital Desk : In the past month, some unlisted stocks like NSE, NSDL, Vikram Solar, HDB Financial Services, Tata Capital, and Hero Fincorp with possible IPOs have gained unpreceded momentum.
The National Stock Exchange (NSE) was at the forefront, increasing more than 50% from ₹1,575 to ₹2,370 per share within a month. Their lately increased value is in great part due to the growing speculation of it’s IPO coupled with their currently attractive pricing vis-a-vis other already listed exchanges.
As per Manan Doshi, Co-founder of UnlistedArena.com, investors are keen on the opportunity to buy shares of prominent firms before their IPO. Especially during times when the unlisted valuations seem quite reasonable.
Shares of NSE Receive Maximum Dividends Post Unfreeze
The rush of investors into NSE shares surged after their shares were unfrozen at the end of March. There has been a steady rise in demand post this along with increased trading activity in the unlisted market.
Considerable Growth In Unlisted IPO Ready Stocks
Some other companies that have IPOs projected for the near by future have also shown considerabe growth. Here’s there performance recap for a more clearer perception:
NSDL: Got over 20% surge from ₹995 to ₹1,200
Vikram Solar: Raised by 14% from ₹380 to ₹435
Tata Capital: Increased almost 15% from ₹900 to ₹1,035.
HDB Financial Services. Hero Fincorp:
Hero Fincorp’s shares rose by 31.5%, from ₹ 1,330 to ₹ 1,750.
HDB Financial Services common shares increased by 31% from ₹950 to ₹ 1250.
Manan Doshi commented that unlisted share prices only seem to rise after there is some clarity about the IPO. There is always that rush to buy shares before the actual announcements of the listings.
IPOs Declared By SEBI Fuel Added Interest
A good number of these companies have had their IPOs with the SEBI which further adds interest and demand:
NSDL. Vikram Solar.
NSDL: Set the listing deadline for July.
Vikram Solar: ₹1500 crore IPO approved.
HeroFincorp:₹3600 crore issue approved.
HDB Financial Services: Approval received for IPO Of ₹12,500 crore.
Also, Tata Capital will soon have a Public Issue of ₹17200 crore expected.
Broader Market Trends And Sector Outlook Underline Strong Growth Potential
Sunny Agrawal from SBI Securities pointed out that could possibly explain the gains in HDB Financial Services and Hero Fincorp in the share price is the anticipated reduction in rates by the RB. The firm’s reduced profitability may well result from higher borrowing costs supporting these firms.
Agrawal further added Vikram Solar, a leading solar module manufacturer, is probably capitalizing on stronger momentum in the renewables energy with these other structures.
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