As we see the listing of the largest IPO till date, Reliance Power, we have the news of BSNL planning a larger IPO soon. BSNL plans a $10bn IPO. However, the large size IPOs should not be surprising considering the market capitalisations of the Indian stocks which are record highs. It is but natural for the IPOs to set new records.
I also read about the presence of many pension funds on the Indian market. Indian pension fund money is yet to enter the Indian stock market, however many public and private pension funds from the US (including Microsoft) have registered with SEBI. Pension fund money can be expected to be long term unless we have a crisis. Soon we should have the part of Indian pension funds managed by UTI and SBI entering the stock market. This should only help to improve valuations.
My blog will mostly discuss matters related to finance, economics, statistics and training. I work for a financial training institute and have experience in development of financial software. My views would generally by shaped by my past experiences. Students of finance could find something interesting.
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About Me
- Akbar Khan
- Financial Analyst with rich experience in conception and development of financial software. Gained expertise in financial educational and appraisal software. Managed a team developing and maintaining software used by major banks in Switzerland and other European countries. Also, headed the fully owned software development subsidiary of a Swiss entity. Working in a small company enabled me to gain expertise in all areas. Managing the expectations of various stakeholders like the shareholders and clients and the employees was the biggest challenge. Currently researching on new ideas and working on business development for the company.
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