IPO pricing key to ignite rally: Ketan Kharkhanis

Ketan Kharkhanis, Head of Active Trader Service in an interview with ET Now talks about PSU divestments or FPOs and IPOs

Another concern with the public holding norm also seems to be the amount of fresh paper that’s going to hit the market. We have already seen in the past as to what has been the kind of response most of these PSU divestments or FPOs have actually had or even new listings have had for that matter does the and especially in a global turmoil sentiment like that does it even have the appetite to absorb so much paper?

Yes, I think you are right there because the kind of paper that is likely to hit the market after this kind of announcement has been made will be really very large in number and we really have to see how the IPOs are priced for the retail appetite to really kick in whether there would be a fresh investments a retail investor would like to make and that will largely depend on how the IPOs are priced from there.