Banks selling IPO shares within a week, experts call for RBI explanation

As the number and demand for Initial Public Offerings (IPOs) rise in the Indian stock market, a recent SEBI report has highlighted some intriguing investor behaviors in the IPO market. According to the report, approximately 80% of banks sell their IPO shares within a week of listing. This quick exit strategy is notably different from that of mutual funds, which exhibit the highest retention rate for IPO shares.