Kalyan Jewellers and Suryoday Small Finance Bank IPO listing weak; Anil Singhvi says this about upcoming issues after April
Kalyan Jewellers and Suryoday Small Finance Bank IPO listing: Much to the disappointment of shareholders, Kalyan Jewellers and Suryoday Small Finance Bank saw weak listing today, March 26.
Kalyan Jewellers and Suryoday Small Finance Bank IPO listing: Much to the disappointment of shareholders, Kalyan Jewellers and Suryoday Small Finance Bank saw weak listing today. While Kalyan Jewellers listed at an around 11 per cent discount, Suryoday Small Finance Bank opened with 5 per cent discount, said Zee Business Managing Editor Anil Singhvi.
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Zee Business Managing editor Anil Singhvi said, "This weak listing will act as a big learning for lead managers, corporates and promoters who are planning to bring their own IPOs after April. They need to take all measures to avoid such loss on the listing day itself. They should keep their issue price reasonable, should offer cheaper price and let people make money. They should give around 20-25 per cent discount from listed players as they have been already listed for years."
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The Market Guru said if they follow these things people will give good response to these IPOs or else there IPOs good chance that upcoming IPOs will also meet similar fate.
WATCH | Here is what Anil Singhvi said on the issue today - check out tweet below:
कमजोर लिस्टिंग- #KalyanJewellers इश्यू प्राइस ₹87 के मुकाबले ₹73.90 पर लिस्ट
— Zee Business (@ZeeBusiness) March 26, 2021
"We had already recommended to AVOID these IPOs," Zee Business Managing Editor concluded.
Kalyan Jewellers Listing Preview:
— Anil Singhvi Zee Business (@AnilSinghvi_) March 26, 2021
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