Gandhinagar: Gujarat has emerged as a top player in the Indian IPO market, according to the latest study by the Securities and Exchange Board of India (SEBI). The report, titled “Analysis of Investor Behavior in Initial Public Offerings (IPOs),” reveals that Gujarat, along with Maharashtra, Rajasthan, and Uttar Pradesh, accounts for approximately 70% of all IPO investors across the country.

According to the report, “With regard to geographical spread of investors in IPOs, it was observed that about 70 per cent of the IPO investors were from the top four states viz. Gujarat, Maharashtra, Rajasthan and Uttar Pradesh. The retail investors from Gujarat received 39.3 per cent of the allotment in the Retail category, followed by Maharashtra (13.5%), Rajasthan (10.5%). NII Investors from Gujarat received about 42.3 per cent of total allotment in NII Category, followed by Maharashtra (20.4%) and Rajasthan (15.5%).

The study also highlighted the flipping behavior of investors in the IPO market, noting that about 54% of IPO shares (in value terms) allotted to investors (excluding anchor investors) were sold within a week of listing. Individual investors sold 50.2% of the shares allotted to them within a week, while Non-Institutional Investors (NIIs) sold 63.3% by value, and retail investors sold 42.7% by value.

These findings underscore Gujarat’s strong presence and influence in the IPO landscape, reflecting the state’s robust investor base and active participation in the equity markets.  DeshGujarat