|| SHANIWAR SAMWAD || 14-05-2022

 This week we saw the biggest fundraising by LIC of India with maximum participation of retail investors. 

The best thing that happened in this is the first time 100%  anchor investment was done by an Indian entity( SBI Group ).

The fundraising gave us an opportunity that was best used by all of us.

It shows our confidence in our own enterprises and wealth creation for us,  this may be the first and only case in recent times, but going forward it will reduce our dependence on foreign money, so keeping the benefit within our country.

The LIC is the biggest financial institution, with interest in different segments of finance like housing finance, mutual fund, and banking( IDBI Bank holding will be retained by LIC as per their statement).

Nowadays retail investors are coming with maturity for holding and creating wealth for themselves. They are keeping their holding in a downward cycle too, so they are making sure of the stability of the market.

Until now, domestic fund houses are only making investments and keeping the market range bound. which earlier used to be done by FPI.

If this trend continues for long then we will be in a position to raise money within the physical boundary of our country.

The list of companies that are coming to market for fundraising is from the different sectors, till now we have some 22-23 sectors.

Another entity that raised money is Prudent Corporate, here too our domestic institution has taken lead in anchor investors.

It is simple to say but, it shows the confidence and maturity of our own companies as the world order is changing with most of the countries wanting the self-dependant.

Going forward we will need other kinds of fund providers like PE, Angel Investor, and StartUp which have deep roots in India with knowledge and willingness to support and nurture local talent locally with guiding them to compete globally.

This will happen going forward, the time for the ecosystem to build and start functioning is long.

But it is inevitable.




Comments

Popular posts from this blog

FINANCIAL PLANNING REVISITED

|| SHANIWAR SAMWAD || 22-10-2022

|| SHANIWAR SAMWAD || 11-12-2021