Key Points
Analysts said the strong sentiment in the secondary market could help these IPOs and advise investors to subscribe to these issues at least for listing gains..
Bankers said retail investors may consider issues like Tata Technologies and IREDA over others because of the limited money available for investments...
IDBI Capital, which recommends 'subscribe' to the Tata Technologies IPO, said the issue values the company at 33 times FY23 earnings as against 63 times of peers..
While some are recommending a subscribe to the issue for listing gains with the stock trading at a 30% premium over the issue price in the grey market, others feel the IPO may not be ideal for long-term investors at the issue price..
Analysts said long-term investors could consider the IPO of Fedbank Financial Services, a non-banking finance company promoted by Federal Bank, with caution at this juncture as sentiment in the sector has been impacted by the Reserve Bank of India's (RBI) decision last week to raise risk weights on cash credit, personal loans, and consumer durable loans by lenders..
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