MFs subscribe to IPOs, up play in health, chemical stocks

Fund managers have shown high conviction in Initial Public Offers during August. They subscribed to the issues of , Nuvoco Vistas, Devyani International, CarTrade Tech and Krsnaa Diagnostics as many of these companies have unique business models and leadership positions within their industries. Leading fund houses have followed a bottom-up approach while picking stocks amid … Read more

Fall in mid- & small-caps dampens IPO euphoria

Mumbai: Specialty chemicals manufacturer and Aptus Value Housing Finance made tepid debuts on the bourses on Tuesday as investor rush for newly-listed stocks subsided in the wake of the sell-off in mid- and small-cap stocks. Chemplast listed at Rs 525 on BSE, a 2.96% discount to its issue price of Rs 541. Aptus Value listed … Read more