Vikram's big thesis: August is the biggest liquidity month of the year so far, ₹40,357 Cr generated YTD. The IPO window is wide open, and investors are using it.
📋 DRHP Filings:
⚙️ Zetwerk - ~₹4,200 Cr issue. B2B manufacturing. Peak XV, Lightspeed, Kae Capital.
🏥 AGS Health - ₹4,800 Cr issue. US healthcare RCM. Blackstone exiting.
🏦 Svatantra Microfin - ₹3,000 Cr issue. NBFC-MFI. Multiples PE.
🔭 Tonbo Imaging, Gemini Edibles, Encube Ethicals - pure OFS, profitable businesses cashing out.
🧴 Nobel Hygiene + Veritas Finance - smaller raises, strong growth.
🔔 Listings:
🚚 Shiprocket - ₹1,617 Cr issue. 15 years to IPO. Stock fell ~28% in first week.
📦 LEAP India - ₹2,480 Cr issue (81% OFS). KKR-backed. Listed near issue price.
🥛 MilkyMist - ₹1,553 Cr issue (92% fresh). Listed at 18% premium.
💰 Post-IPO block trades:
Meesho - Elevation, Peak XV, YC, SoftBank (₹4,569 Cr)
Groww - Ribbit, YC (₹3,652 Cr)
Lenskart - Alpha Wave (₹3,130 Cr)
Paytm - Elevation (₹2,038 Cr)
Pine Labs - Alpha Wave (full exit)
PhysicsWallah - Lightspeed (full exit)
Amagi, Urban Company - Accel
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