Temasek's Investments in India Surge Post IPOs with 35% Gains

Temasek Holdings has seen substantial growth in India, with three portfolio companies gaining over 30% following their IPOs. Shiprocket shares listed at a 35% premium, closing at 143 rupees ($1.50), nearly 50% above the IPO price, which was oversubscribed nearly 100 times. Dairy producer Milky Mist traded 40% above its IPO price, while Molbio Diagnostics began trading at a 26% premium. Temasek’s overall investment in India has reached nearly $9 billion in the last three years, positioning it differently from foreign investors who have removed nearly $19 billion in equities. This trend highlights potential opportunities for investors watching the Indian market and Temasek's strategy.