Why ICICI Securities, Hindustan Aeronautics IPOs failed? Sebi Chief Ajay Tyagi explains
Equity market has seen correction so far this year, with the benchmarks Sensex and Nifty falling over 3 per cent year to date. The sluggish sentiment in the secondary market is why primary markets are also not doing well, say experts.
ICICI Securities on Monday reduced the size of its initial public offer after the sale elicited a sluggish response. Image source: IANS