Trivesh D, chief operating officer (COO) of stock trading platform Tradejini, attributed the thriving performance of Indian IPOs in 2023 to a buoyant secondary market, positive economic sentiments, and distinctive business models of IPO entrants.
“Notably, smaller-sized IPOs have been prevalent in 2023, often below the Rs 1,000 crore mark, thus limiting pre-IPO institutional investment. In turn, this curbs major stakeholders from divesting their shares in the post lock-in periods. The robust performance also stems from a bullish stock market, fear of missing out (FOMO) by retail investor participation, amenable regulatory reforms governing IPO listings, and extensive media hype surrounding IPO,” says Trivesh.
