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In October, mutual funds invested more than Rs 13527 crore in 10 big IPOs, in which the maximum money went to LG Electronics India and Tata Capital. This trend shows that institutional investors are placing aggressive bets in new listings and many companies are getting strong support. Overall, the boom in the IPO market and interest from funds is being considered a positive sign for the coming months.
Mutual funds invested Rs 2008 crore in Tata Capital. The funds held 6.13 crore shares of the company at the end of October. Issue Price ₹326 → Listing ₹330 (just +1.2% premium, flat)
LG Electronics India got the biggest inflow as Rs 5237 crore was invested here. 3.14 crore shares of the company were registered in the portfolio of funds. Issue price ₹1,140 → Listing ₹1,710 (a whopping +50% premium)
There was an investment of Rs 1130 crore in Lenskart Solutions and 2.81 crore shares were seen in the portfolio. This IPO was considered the most attractive in the digital consumer sector. Issue price ₹402 → Listing ₹395 (−1.75% discount, weak debut)
Canara HSBC Life Insurance received Rs 1807 crore from mutual funds. As of October, funds held 15.53 crore shares of the company. Issue Price ₹106 → Listing ₹106 (Absolutely Flat, 0% Gain)
Funds staked Rs 1413 crore in WeWork India Management. A total of 2.18 crore shares were added to investors. Issue price ₹648 → Listing ₹646.5 (−0.23% discount, down throughout the day)
Canara Robeco AMC received investment of Rs 714 crore and 2.25 crore shares were added to the portfolio. This was a strong entry in the asset management sector. Issue Price ₹266 → Listing ₹280.25 (+5.4% premium, good listing)
Mutual funds invested Rs 97 crore in Studds Accessories. 16.58 lakh shares were allotted to the funds in this IPO. Issue price ₹585 → Listing ₹565 (−3.4% discount, flop debut)
