Unlisted Shares are seeing high demand recently due to attractive valuation. Stocks of Bombay stock Exchange (BSE), ICICI Prudential, ICICI Lombard, L&T Infotech and RBL Bank (Ratnakar Bank).
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“Heavy oversubscription in recent IPOs like Thyrocare Technologies, Ujjivan Financial, Alkem Labs resulted in poor allotment, leaving many HNIs (high networth investors) disappointed,” said Narottam Dharawat, a Mumbai-based broker who deals in unlisted shares. “Many of them believe they would be better off buying a good company before the IPO.”
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