30 IPOs In A Month: Deven Choksey On IPO Flipping And Secondary Market Liquidity

With nearly 30 IPOs lined up over the next month, Dalal Street is seeing an issuance record not witnessed since 1996! But is this mega IPO rush draining cash out of the secondary market? Market veteran Deven Choksey, MD, DR Choksey FinServ Private explains that specialized players, including dedicated traders and small-cap fund managers, operate strictly to flip IPOs for rapid 10% to 40% listing gains. While the primary market is efficiently absorbing this massive float, existing listed stocks are becoming accidental victims as retail attention shifts away from secondary counters. Over the long run, only newly listed companies with robust USPs will survive once the initial listing buzz subsides. Watch the complete video to understand how this liquidity diversion impacts your overall investment portfolio.