Mutual Fund Companies Are Betting On An IPO; In July It Invested Rs 5,900 In Zomato, GR Infra And Other Public Issues.
Dalal Street’s IPO boom has attracted not only retail investors but also institutional investors. In Gung-ho’s public affairs in July, the mutual fund industry invested Rs 5,900 crore in an IPO.
The IPO boom on Dalal Street has attracted not only retail investors but also institutional investors. According to data obtained by Edelweiss Alternative Research, in public affairs in July, the mutual fund industry invested 59 billion rupees in an IPO. Most of these funds flowed into the long-awaited IPO of food technology unicorn Zomato. Capital inflows in July were 225.8 billion rupees, compared with 5.988 billion rupees in June. “With such a strong equity plan, these funds have deployed Rs 19,700 crore in the secondary market; it will be even higher in 2021,” Edelweiss said in the report.
Who bought Zomato?
-SBI Mutual Fund – Bought shares worth Rs 566 crore
-Motilal Oswal Mutual Fund – Rs 499 crore
-Mirae MF – Rs 481 crore
-Axis Mutual Fund – Rs 467 crore
-Kotak Mutual Fund – Rs 258 crore
-HDFC Mutual Fund – Rs 244 crore
-Aditya Birla Sun Life – Rs 227 crore
-ICICI Pru MF – Rs 184 crore
-Franklin Templeton – Rs 184 crore
-IDFC MF – Rs 84 crore
-Edelweiss MF – Rs 72 cr
Fund houses invest Rs 1,083 cr in GR Infraprojects
The recently listed GR Infraprojects was one of the most purchased mid-cap stocks in July. The mutual fund company purchased a total of 6.3 million shares of GR Infraprojects worth 10.83 billion rupees. SBI Mutual Fund purchased GR Infra shares worth Rs 36.1 crore, while ICICI Prudential MF purchased shares worth Rs 333 crore, which is the highest two shares of GR Infraprojects shares purchased by any mutual fund company.