Page 83 - Edelweiss India Conference 2022 FLIPBOOK
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New Energy Digital Manufacturing Capital Markets Human Capital
This is of course a source of capital and a provider of liquidity, and fundamentally widens
capital market interest. That technological platforms to access the market have expanded
pace of the retail reach.
reversals? Cannot be ruled out—particularly over shorter-term intervals. That said, with
interest and involvement piqued, the retail investor would be a longer-term component
of the market.
Post-COVID-era: Rise in share of retail investors
12
70
10
60
8
(INR tn) 6 50
40 ( % )
4
30
2
20
Dec- 13 Dec- 15 Dec- 17 Dec- 19 Dec- 21
Total Non-Insti Turnover Total Non-Insti Turnover (% of total turnover)-RHS
Source: Bloomberg, Edelweiss Research
The IPO boom – Widening access
India has enjoyed IPO booms before—although they have often faded away with some
companies going from boom to bust; the most recent one might just not be a big A record 62 new
exception. That said, the recent IPO boom has created a new benchmark, a level of size and issuances were
raising more than
QIPs makes 2021 the strongest year of equity-raising for capital markets. INR1tn of monies
Edelweiss Securities Limited 81
