The success of Zomato IPO and ICICI Prudential Flexicap Fund shows that retail investors are desperate to invest even in an expensive market. We have seen this happen in every boom-bust cycle, where investors enter at highs and exit at lows. Will it be any different this time?
July 2021 has been a phenomenal month for investors. Food-tech giant Zomato came out with an initial public offering (IPO) of INR9,375 crore, while ICICI Prudential Mutual Fund collected about INR10,000 crore from investors through its new fund offer (NFO). Zomato debuted at a 53% premium on the bourses. The stock is currently trading at over 80% its issue price of INR76. ICICI Prudential, on the other hand, attributes its success to the support
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