An increasing number of wealthy individuals are applying for equity Initial Public Offers (IPOs), buoyed by the healthy listing gains in some of the recent ones. This high demand has, in turn, driven down interest cost and given a fillip to the IPO financing business of the non-banking financial company (NBFC) arms of domestic brokerages. On Tuesday, the Rs 1,200-crore public issue of RBL Bank garnered an overall subscription of nearly 70 times. Of these high net worth individuals (HNIs) bid for nearly 200 times the number of shares on offer. As a result, the NBFC arms of brokers such ...
7 best practices to keep your money safe from fraudsters
Read More
