Whalesbook
Aise kaise badh gayi filings?
Sabse pehle toh ye jaan lo ki US aur Iran ke beech 2 hafte ka ceasefire hua hai April 8 ko. Isse market mein jo tension thi woh kam hui aur Sensex 4% upar bhaga. Aisa laga ki ab paisa lagane ka sahi time aa gaya hai.
Par, revival toh selective hoga!
Par, jo IPO market mein revival aa raha hai na, woh selective hoga, matlab sabhi companies ko fayda nahi hone wala. Jo companies fundamentally bahut strong hain aur listing process mein kaafi aage hain, bas wahi jaldi launch kar paayengi.
Filings bahut, success kam?
Data dekho toh lagta hai ki lagbhag 64 firms SEBI clearance ka wait kar rahi hain, aur 124 approved hain par launch nahi hui. Matlab, 144 companies ne ₹1.75 trillion ke IPOs ke liye approval liya hai, aur 63 aur ₹1.37 trillion mang rahi hain. Lekin asal picture thodi alag hai. Latest IPOs mein se lagbhag 2/3rd apne issue price se neeche trade kar rahe hain, aur 15 toh 50% se zyada gir chuke hain. Toh, filings toh bahut aa rahi hain, par market naye, risky IPOs ko absorb karne mein thoda struggle kar raha hai.
PhonePe ka FOMO?
Iska sabse bada proof hai digital payments giant PhonePe. Unhone apna IPO postpone kar diya hai. Unka kehna hai ki global market mein instability hai aur jab sab set ho jayega tab dekhenge. Ye ek smart move hai, kyunki itni volatility mein IPO launch karna mushkil hai. Chahe company grow kar rahi ho, abhi listing se zyada market timing important lag raha hai.
Investor kyun hain cautious?
Investor itne cautious kyun hain? Pichle IPOs ka bura performance sabko dara raha hai, khas kar agar valuation high ho. Foreign investors (FIIs) bhi Indian stocks bech rahe hain, April mein hi ₹35,121 crore nikaal liye. West Asia ki tension se market mein volatility badhti hai, crude oil mehnga hota hai aur rupee kamzor hota hai, jisase inflation aur growth ki chinta badhti hai. Log ab new IPOs ke risk se zyada purani, stable companies mein invest karna chahte hain.
Kya hai aage ka outlook?
Abhi lag raha hai ki saal ke baad mein thoda recovery ho sakta hai, agar market stable raha toh. Gharon ki savings mutual funds mein aa rahi hai, jo market ko support de rahi hai. SEBI ne bhi thoda relief diya hai, IPO observation letters ki validity 6 mahine badha kar September 30, 2026 kar di hai. Toh jinka approval expire hone wala tha, unko time mil gaya hai. Aisa pehle bhi hua hai ki market dip ke baad recover hua hai, toh ummeed hai jab tensions kam hongi aur sentiment theek hoga, toh primary market bhi wapas chalega.