Speculation on unlisted share premiums for digital wealth managers is swirling Rs 2,500 crore in grey dealings, as retail punters bet on IPO pops amid bull runs. This pre-listing frenzy, from a Motilal Oswal IPO tracker, previews a $20 billion fintech flotation wave, democratizing access via OTC apps.
Trade tallies tick up. Platforms log 25% volume hikes, with premiums at 20-50% over face value drawing 5 million dabblers, averaging Rs 10,000 lots.
Market watchdog watches. SEBI's real-time reporting mandates could clip 15% froth, while demat incentives—zero fees for small trades—onboard 2 crore new investors.
Punter pulses quicken: 65% millennials chase 50% listing gains, per Zerodha polls, viewing greys as equity gateways sans mutual fund lags.
Peer-to-peer ledgers and sentiment scanners innovate, forecasting pops with 70% accuracy. Mumbai's brokers beta-test NFT receipts for trades.
Flows fortify Rs 1 lakh crore in capex, employing 50,000 in back-offices. Pump-dump pitfalls prowl; education fortifies. Premiums premium, but prudence prevails.
