The IPO market will bounce back due to the fact that the Congress will form the government at the Centre with its pre-poll allies,said Sudhir Shah,the president of the Vadodara Stock Exchange Ltd.
Shah said many companies thinking of launching IPOs (initial Public Offers) will enter the market to raise capital,which was not taking place earlier.
Shah said no trading could take place at the local exchange here today due to trading coming to a halt at the BSE and NSE soon after its opening.
“It is a good time to buy the equity stocks at its NAV (Net Asset Value) prevailing on May 15,when the market was closed. This can help investors to book profit when it opens on Tuesday,” he said.