4 hrs ago
Apurva Sheth Predicts NSE Listing Premium, Advises Gradual Buying
Apurva Sheth thinks National Stock Exchange shares may start trading Rs 50–80 above their issue price.
He says investors should not decide only by looking at the first trading price.
Instead, they could wait a few trading sessions to see how the price behaves.
Long-term investors may buy gradually rather than trying to find the perfect time.
Sheth believes a large fall below the issue price is relatively unlikely.
He says the Indian market could absorb possible selling by retail investors.
The NSE IPO attracted much more demand than the number of shares offered.
If the grey market estimate remains accurate, NSE would be one of the world’s most valuable listed exchanges.
Apurva Sheth expects National Stock Exchange shares to list at a Rs 50–80 premium.
He advises long-term investors to wait several trading sessions for the price to settle.
Sheth recommends accumulating gradually and investing more as the share price falls.
The Rs 22,569-crore IPO was subscribed 5.71 times, receiving bids for 50,58,11,384 shares.
If the prevailing grey market premium holds, NSE could have a $47.5 billion market value and rank as the world’s eighth-largest listed exchange.
- Who
- Apurva Sheth and investors in the National Stock Exchange IPO.
- What
- Sheth forecast a Rs 50–80 listing premium and advised long-term investors to buy gradually after the share price settles.
- Where
- India’s stock market.
- When
- After the National Stock Exchange IPO closed and ahead of its listing; no specific listing date is stated.
- Why
- Sheth said waiting and accumulating gradually could help investors avoid relying on the opening price or trying to time the market.
Key facts
- Expected listing premium
- Rs 50–80, according to Apurva Sheth
- IPO size
- Rs 22,569 crore
- Subscription
- 5.71 times
- Shares offered
- 8,86,42,911
- Shares bid for
- 50,58,11,384
- Retail allocation
- Approximately 35%, or about Rs 7,700–Rs 7,900 crore
- Potential market value
- $47.5 billion if the prevailing grey market premium holds
Quotes
Apurva Sheth
Market analyst discussing NSE shares and post-listing investment strategy
“"The total issue size was around Rs 22,560 crore, of which roughly 35 per cent was reserved for retail investors. Even if a large portion of retail investors sell in the first hour or two, the approximately Rs 7,700 to Rs 7,900 crore of potential selling is something the Indian market can absorb,"”
businesstoday.in
““Let the stock settle, observe its price action, and if you have a long-term view, consider accumulating gradually rather than trying to time the market.””
businesstoday.in
Sources
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