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The Morning Brief
Can the market digest its multiple mega IPOs?
Oct 3, 2024
Aditya Sood, a Fund Manager at Incred Asset Management, provides insight into India's upcoming wave of billion-dollar IPOs, including Hyundai's record-breaking offering. He discusses the challenging market landscape and examines Swiggy's position against competitor Zomato. The conversation highlights historical trends in IPO performance and the significance of macroeconomic conditions. Sood also emphasizes the importance of investor sentiment and understanding capital consumption as the market braces for potential disruptions from these colossal launches.
16:43
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Quick takeaways
- Hyundai's record-breaking IPO showcases the potential for successful market reception, relying on strong financial health and industry positioning.
- Swiggy's upcoming IPO highlights the significance of investor sentiment towards growth potential, despite being a loss-making enterprise.
Deep dives
Upcoming Large IPOs and Market Sentiment
India's primary market is set to witness significant IPO activity with three large offerings, including Hyundai, Swiggy, and Afton's infrastructure. Hyundai's IPO is projected to be the largest in Indian history, raising about 25,000 crore. Investors are scrutinizing the potential impact of these IPOs, especially given the historical cycles where IPOs tend to cluster in bullish market periods. The discussion highlights the importance of understanding market conditions and investor sentiment, as previous IPOs often performed poorly when companies were not profitable or faced regulatory challenges.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode