" I think Reliance has done a fabulous job in terms of building new businesses out of almost something that was not there a decade ago," says Anand Tandon, Independent Analyst.I do not know how closely you have been tracking the IPO market but just looking at the subscription figures coming in for Utkarsh Small Finance Bank one would assume that given that it is of low face value there will be a lot of perhaps retail interest in this one. The grey market premium is already indicating a fair amount of premium running on this? You are right. I actually do not track the IPO market at all.
I believe that there is enough opportunity in the secondary market. IPOs need to get listed and trade for a while before you can understand what their DNA is like. So I will have to pass on this.What is your take now on Nazara? I am not going to go to Delta but Nazara which has gone on record and clarified that only 5.25% of their revenues gets linked with this GST of 28% which has been slapped?It is a difficult business all said and done.
The GST may not impact them directly which is good but it has been around for a long time. It is not like it has put fire to the market. Like most media companies actually, games also have a life where some of them will do exceptionally well and they become highly popular and then after a while they just vanish.
Just look at the games that you had on Facebook not too long back where there were farms and all kinds of things happening and then finally now nobody even speaks about them. I do not think anybody knows their name as well. So it is like a media business where if you get a blockbuster you can make pot loads of money in the near term.
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