Among the IPOs in which fund houses have invested, Paytm’s performance was very poor initially. However, later it managed to reach its issue price.
Mutual fund managers have excited about the IPO market. In November, there has been a huge investment from their side in the IPO. Mutual fund companies have invested 4050 crores in the IPOs of some major companies this month. According to data from Edelweiss Alternative Research, the companies whose IPOs have invested the most include PB Fintech, Paytm and Go Fashion. Apart from this, mutual funds also invested in IPO of LatentView Analytics, SJS Enterprises and Tarsons Products.
Policybazaar invests Rs 1350 crore in IPO
Among the IPOs in which fund houses have invested, Paytm’s performance was very poor initially. However, later it managed to reach its issue price. According to Edelweiss, mutual funds have invested 1350 crores in Policybazaar’s IPO. After this he has invested Rs 980 crore in Paytm.
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Axis Bank shares were the biggest buy in November
Axis Bank is at the forefront of the companies whose shares have been bought by mutual fund companies in November. According to the data, fund houses have bought 635 crore shares in November. This is 5.53 crore shares more than the month of October. After this, shares of ICICI and HDFC Bank have been bought. Shares of Axis Bank fell 11.64 per cent in November, while shares of HDFC Bank declined by 5.64 per cent. On the other hand, shares of Vedanta remained on the radar of mutual fund houses. These companies sold 8.03 lakh shares of Vedanta. After this, Zomato’s shares were sold the most. According to the data, fund managers sold 4.13 crore shares in November.
(Article: Kshitij Bhargava)
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