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The Morning Brief
SME IPO Frenzy: Boom or Bubble?
Sep 10, 2024
Join guests from Amic Forging, an SME IPO market leader, Bondada Engineering, and Resourceful Automobiles, which has seen meteoric gains in IPOs. They delve into the explosive growth of India's SME IPO market, noting both its impressive returns and the lurking volatility. The discussion highlights the surge in retail participation, regulatory concerns, and the crucial need for due diligence. Fears of a bubble are tempered by a contrarian perspective on valuations and strategies to navigate potential risks. It's a captivating exploration of boom versus bubble!
25:17
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Quick takeaways
- The SME IPO market in India has seen unprecedented growth with a 176% rise in the BSE SME IPO index and remarkable returns for retail investors.
- Concerns surrounding market volatility and potential manipulation highlight the necessity for increased regulatory oversight to protect investors.
Deep dives
The Surge of SME IPOs
The listed SME space has experienced significant growth, with the BSE SME IPO index rising by 176% in just one year and an astonishing 6,376% over the past five years. Retail investor participation has surged from a mere 408 applications for SME IPOs in 2019 to over 213,000 applications in the recent fiscal year. Companies like Amic Forging and Bondada Engineering have provided remarkable returns of 1,138% and 843%, respectively, since their listings, contributing to the excitement surrounding this market. This explosion in SME IPOs reflects a larger trend where about two-thirds of the 166 listed IPOs in 2024 have generated at least a 50% return for investors, showcasing the potential for substantial gains.
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Discover
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