Samir Arora highlights that foreign institutional investors rarely profit from Indian IPOs due to allocation limits, currency conversion losses, funding costs, and volatile rupee, despite massive oversubscriptions.
Ace investor Mukul Agrawal boosted his Monolithisch India holding from 2.30% to 2.76%, following a near 200% post-IPO rally, while exiting Raghav Productivity Enhancers amid portfolio realignment.
Shares of Vijay Kedia-backed TAC Infosec rose on news of a one-for-one bonus issue, backed by strong financial performance, including a 157% revenue rise and doubled profits. The company plans $100 million capex by 2030 to enhance AI-led cybersecurity, expand globally, and pursue a Nasdaq listing for its US arm.
