Many investors have gained fortunes thanks to the booming initial public offering business in 2021, as over 60 companies listed on exchanges during the year. Latent View Analytics and MapmyIndia were two IPOs that generated enormous returns for investors.
Many investors and promoters profited from the bull run in Indian equities that lasted from mid-2020 till late 2021. The IPO craze is finished, according to analysts, and things may quiet down for a while.
Even AV Venkatraman, 52, the chair and executive director of LatentView Analytics, entered the list of India’s richest men thanks to the IPO boom. According to the IIFL Wealth Hurun India Rich List 2022 study, Venkatraman is the wealthiest new entrant in this software & services sector with a net worth of $5,500 crore.
Ashwin Desai, 71, the founder promoter and MD of Aether Industries, which was established in 2022 when the IPO craze was practically finished, is another IPO star. With a net worth of 10,300 crore, Desai made his entry onto the list of wealthy people.
