‘Most of the Gains Come Early’: IIFL Analyzes $575-Billion IPO Boom and Stock Debut Trends
IIFL Securities in a strategy note said a total of 263 companies that went public in the past five years have an aggregate maket capitalisation (m-cap) of $575 billion, which is over 10 percent of India’s total market value. The brokerage noted that the stock debutants have been generally good performers with average listing gains…