The Davin Sons Retail IPO opened on January 2 and closes on January 6. The company plans to raise over 8 crore via the issue and use the funds for capital expenditure and working capital.
The U.S. IPO market, which was impacted by high interest rates and market volatility for over two years, has been rejigged by an ebullient stock market and the Federal Reserve's rate-cut cycle.
In 2024, India saw 298 IPOs raise ₹1.4 lakh crore, with significant contributions from energy, manufacturing, and technology sectors. The SME IPO space also grew, with KP Green Engineering Limited ...
However, he continued, it seems a new IPO cycle is not going to hit Wall Street anytime soon. "Yes, there's a good chance that you won't make as much money because of what I'm saying," Cramer said.