IPO Listings

Are HNIs really making profit after imputing funding costs?   Over the last few weeks there has been a lot of euphoria over the way IPOs have got oversubscribed. Recent IPOs like Ujjivan and Thyrocare were substantially oversubscribed. Within the various categories, the HNI portion (Greater than 2 lakhs) got the maximum oversubscription. That is…

Macro Data

A mixed Week (Blow hot and Blow cold)   Macro data that came out over the week have been fairly mixed. While inflation came in higher than expected, the IIP growth came in lower than anticipated. The good news came from the trade front where the trade deficit for April was lowest in recent memory.…