00:00We are asking a few months from the wrong questions.
00:02Do we need to know when we are going to buy it?
00:05They will not say that.
00:07Today, the foreign portfolio investors
00:09understand the investing pattern of investors.
00:12In fact, the FPI money is in the bazaar,
00:14but its address is the same way.
00:19The FPI is running away from India,
00:21which is listed stocks.
00:23Where are we?
00:25The IPO market.
00:26Yes, the FPI is listed stocks in the IPO market.
00:31Now, there is an interesting paradox.
00:35In this video, we will try to decode on this video
00:38and tell you what is happening in the bazaar.
00:41One way, the FPI, foreign portfolio investors
00:44is a large amount of investors.
00:47In September, they have listed equities
00:49of 4.8 billion dollars,
00:52which is roughly 45,500 crore.
00:54But in those months,
00:57they have in the IPO market
00:581 billion dollars,
01:00which is 9,676 crore.
01:03Now, this is clear.
01:04Foreign investors,
01:05who are not taking the money from India.
01:08They are just listing listed stocks,
01:11and will shift their new IPOs.
01:14Now, the question is,
01:16why is this happening?
01:18Is there something that is listed market
01:20that is not getting in the IPOs?
01:21And will this trend
01:21that will continue?
01:23On the two questions,
01:24we will discuss a little detail
01:25on the details.
01:26But first,
01:27some numbers must be clear.
01:29Some data must be clear.
01:31September data tells us
01:33that the FPI has
01:34in the primary market,
01:35the IPO market,
01:361 billion dollars,
01:38invested in the IPO market.
01:39But in that period,
01:40secondary market,
01:41or listed stocks,
01:42they have 4.8 billion dollars
01:44to sell.
01:46This is the biggest
01:47outflow for April 2026.
01:51If we talk about April 2026,
01:54the FPI's listed stocks
01:56of listed stocks,
01:566.7 billion dollars.
01:58Now,
01:59there is one thing
02:00that is very necessary.
02:01When we say
02:02that the FPI outflow,
02:04people often think
02:05that foreign money,
02:07which means
02:07foreign money,
02:07foreign money,
02:08foreign money.
02:11But September data
02:12is not saying that
02:13that the FPI's
02:14put in the IPO's
02:14also in the IPO's.
02:16That means,
02:16their money from
02:17the Bazaar
02:18did not go out
02:19from another segment.
02:20The other segment
02:21has shifted.
02:23Now,
02:23in the list of stocks,
02:25there is a few
02:26half of the IPO's
02:27subscriptions.
02:28Now,
02:29let's talk about
02:29another scenario.
02:30That is the IPO rush.
02:33In 2026,
02:34there are 96 IPOs.
02:38In this case,
02:39there are 34 IPOs,
02:4034 IPOs,
02:41just in September.
02:42In this case,
02:43there is only one IPO
02:44in one month.
02:45This is not just
02:46coincidence.
02:48Companies know
02:49that if they
02:50will take the IPO
02:51then they will
02:52save the latest
02:52audited financials
02:55This is why
02:57the IPO filing
02:57and launch
02:58will be found
02:58in September.
02:59But this is not
03:00just compliance.
03:02In the market,
03:03there is liquidity,
03:04investors have
03:04interest,
03:05and the FPI's
03:06are also active
03:06in the primary market.
03:08So,
03:09the companies
03:10have the right time
03:12to raise their IPO
03:12capital.
03:14Now,
03:15in October,
03:15this price
03:16could be
03:17because
03:18the companies
03:19will be
03:19and after
03:20the quarter's
03:21audited financials
03:23will be
03:23prepared.
03:24However,
03:25the IPO's
03:26has also been
03:26in October.
03:28Now,
03:30the first question
03:30the first question
03:31of the FPI's
03:33IPO's
03:34investment
03:34is
03:36listed stock
03:37from the
03:38IPO's
03:38and
03:38the first question
03:41is
03:41growth access.
03:42In the IPO's
03:43investors have
03:44such companies
03:44which
03:45was not publicly
03:46listed.
03:47Many times,
03:48these companies
03:48have
03:49improved
03:49business model,
03:50growth,
03:51sector level
03:51opportunity.
03:53Now,
03:54the second question
03:54is
03:55valuation.
03:56Some IPO's
03:57listed
03:57pairs
03:58are
03:58relatively
03:58attractive
03:59pricing.
04:00If they
04:05launch
04:07IPO's
04:08attractive
04:08prices
04:09are
04:09listed
04:10market
04:11then
04:12some
04:12quality
04:13stock
04:13can be
04:14elevated
04:15or
04:16a little
04:16bit
04:16expensive.
04:19Now,
04:22the third question
04:23is
04:23market impact.
04:24In the secondary
04:25market,
04:25if
04:26a
04:26stock price
04:27can be
04:27different
04:31but
04:31in the IPO
04:33market
04:33allocation
04:34is
04:35different.
04:35the
04:37stock price
04:39will
04:39be
04:39immediate
04:40impact.
04:41For
04:42the
04:42market
04:43is
04:43controlled
04:44entry
04:45point.
04:49But
04:50one
04:51question
04:51listed
04:53stock
04:53selling
04:53why
04:54are
04:56listed
04:57stocks
05:04so
05:05in
05:05some
05:05sectors
05:06and
05:06stocks
05:06are
05:07expensive.
05:09FPI's
05:10profit
05:10booking
05:11and
05:11global
05:13factors
05:14US
05:15bond
05:15dollar
05:16movement
05:16global
05:17risk
05:17appetite
05:18and
05:18emerging
05:18markets
05:19attitude
05:21this
05:23FPI's
05:23flows
05:24affect
05:27portfolio
05:28rotation
05:29not
05:30whole
05:31in the world
05:33investment
05:33and
05:33other
05:34countries
05:35investment
05:36if
05:37any
05:37market
05:38better
05:38risk
05:39reward
05:39this
05:40is
05:40a big
05:43current
05:44IPO
05:47opportunity
05:48which
05:49is
05:50not
05:51that
05:51India
05:52has
05:52negative
05:52view
05:53this
05:54rotation
05:54is
05:55a
05:55rotation
05:55of
05:55new
05:56opportunities
05:57and
06:00new
06:01companies
06:01and
06:02new
06:02companies
06:03invest
06:03the
06:12$5.9
06:14billion
06:14invest
06:15but
06:16the
06:16listed
06:17stock
06:18was
06:18$33.7
06:20billion
06:21in the
06:22primary
06:24market
06:25$5
06:26billion
06:26and
06:27secondary
06:28outflow
06:29was
06:29$22.7
06:31billion
06:31in the
06:34FPI's
06:35IPO
06:35market
06:35and
06:35listed
06:39equities
06:40selling
06:40from
06:40last
06:41to
06:41more
06:41than
06:41the
06:43FPI's
06:44in
06:44India
06:44growth
06:46story
06:46is
06:46not
06:48existing
06:49listed
06:50universe
06:51and
06:51new
06:52listing
06:53market
06:53opportunities
06:54are
06:55more
06:55active
06:55in
06:57October
06:58in
07:02October
07:03IPO
07:04will
07:04increase
07:05because
07:05companies
07:06will
07:06make
07:06the
07:07will
07:07be
07:07the
07:08be
07:08more
07:10the
07:12will
07:32be
07:33guaranteed
07:34for
07:35this
07:35is
07:35for
07:38retail
07:39investors
07:39are
07:41not
07:42blindly
07:43IPO
07:44business
07:44model
07:45valuation
07:46promoter
07:47background
07:47sector
07:48outlook
07:48listing
07:49price
07:49discipline
07:50market
07:50this
07:51is
07:51the
07:52stock
07:53market
07:56market
07:57in
07:58September
07:59IPO
07:591
08:00billion
08:00dollar
08:00in
08:03India
08:05pretty
08:05negative
08:06sentiment
08:06not
08:06but
08:07a
08:07rotation
08:08trade
08:08is
08:08as
08:09as
08:09as
08:10as
08:10as
08:10as
08:10as
08:10as
08:10as
08:11as
08:11as
08:11as
08:11as
08:12as
08:14as
08:14as
08:14as
08:15as
08:15as
08:15only listed market from the expensive valuation.
08:19The answer is in the next few months.
08:22Bazaar!