News From Press Time for more MF players to consider listing

Time for more MF players to consider listing

Source: The Hindu Businessline Sep 17, 2022

Sachin Bansal’s fintech business Navi Technologies recently received a green signal from market regulator SEBI for its initial public offering. Navi Technologies had submitted its draft red herring prospectus in March to raise up to ₹3,350 crore through the public issue. If the IPO succeeds, it will be the sixth listed asset management companies in the Indian bourses.

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2 Comments

Prashant Shah · 1 year ago `

So that they can focus on company profits and shift it from investor benefit and remove distributors. How can the companies running on investor money only be listed on stock exchange and why should theybask for any money from share holders to grow? This is a conflict of interest.

Savant · 1 year ago `

Rightly Said. Every MF player has to one day encash upon the business valuations that they have created. Even for the smallest MFD, the easy way out is to be part of the growth story of the large entities in form of equities, or scale the business to such a degree alone to go for an IPO one day.

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