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Nithin Kamath congratulates Ola Electric, Unicommerce, and FirstCry on their successful IPOs.
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Kamath emphasizes the need for more homegrown companies to list and leave something on the table for IPO investors.
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He quotes SEBI’s Ananth Narayan, highlighting India’s problem with the supply of new securities.
Zerodha founder Nithin Kamath has welcomed the recent initial public offerings (IPOs) of Ola Electric, Unicommerce, and FirstCry. He believes that these listings are essential for the growth of Indian markets, as they incentivize more companies to consider IPOs and attract retail and institutional investors.
Kamath highlighted the positive response to these IPOs, indicating that investors are happy with the performance of these homegrown companies. He emphasized the need for more such companies to list, as this would help address the supply problem of new securities in India, as mentioned by SEBI’s Ananth Narayan.
The three companies have performed well on their listing days, with Unicommerce and FirstCry making strong debuts and Ola Electric continuing its upward move. This positive trend is expected to encourage more companies to consider IPOs, leading to further growth in Indian markets.
Congrats to Ola Electric, Unicommerce, and First Cry on the listing. Based on the listing, it looks like investors are happy 😉
If our markets have to grow, we need more homegrown companies to list and also leave something on the table for IPO investors.
IPOs doing well are…
— Nithin Kamath (@Nithin0dha) August 13, 2024
