Yet market strategists aren’t too worried about attention being diverted from the secondary market, which is hovering near record high levels. In fact, it is a surging secondary market that is encouraging many companies to hit the equity market for capital, as they eye better valuations. Some market experts are of the opinion that this IPO rush will attract more flows into the market, because of renewed interest. General insurer ICICI Lombard General Insurance Co. Ltd’s IPO to raise to Rs5,700 crore opened on Friday, while life insurer SBI Life Insurance Co. Ltd’s Rs8,700 crore IPO is scheduled to open on Wednesday. “I don’t think the secondary market will be impacted.

Source: Mint September 19, 2017 02:15 UTC