IPO market is going to be one of the most interesting to watch in 2023, says Radhika Gupta of Edelweiss
The IPO market is going to be one of the most interesting ones to watch in 2023, according to Radhika Gupta, managing director and chief executive officer of Edelweiss Asset Management, as she believes good companies tend to IPO. An event in their life cycle, and not an end game.
Gupta said, "The IPO market is going to be one of the most interesting ones to watch in 2023. Do we learn the hard lessons of 2021 and 2022, or still continue to dance with the devil?" A series of tweets.
Citing Page Industries' IPO as an example, he said, "Case and my favorite: Page Industries which had a disastrous listing and start in 2007 but became a real money maker. And when the IPO specifically When we get too hot in the infra space, it fares poorly in a bull market."
The IPO market is going to be one of the most interesting to watch in 2023. Do we learn the hard lessons of 2021 and 2022, or still continue to dance with the devil, this time in pale moonlight?
— Radhika Gupta (@iRadhikaGupta) January 4, 2023
"I believe that good companies think of IPOs as just one event in their life cycle, not an end game. They leave value on the table, drive earnings growth, and reap rewards for a very long time." receive that is not the result of financial juggling," she said.
Page Industries is involved in the manufacturing and retailing of innerwear, and is the exclusive licensee of Jockey International in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and the United Arab Emirates. It is also the exclusive licensee of Speedo International Limited to manufacture, market and distribute the Speedo brand in India.
The multibagger stock has rallied over 15300% in 15 years since its listing in March 2007 when it was trading around the ₹270 per share level and is currently trading above the ₹42,000 level. Shares of Page Industries are up about 2% over the one-year period.
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