Friday, March 29

Tag: Arun Kejriwal

More than Half of the Indian Companies Listed on IPO in 2018 Trading Below Issue Price
Market

More than Half of the Indian Companies Listed on IPO in 2018 Trading Below Issue Price

As many as 21 companies went public this year and shares of more than half of all these companies are trading below their issue price. The main reason behind this has been the market volatility, aggressive pricing and sometimes stock and sector-specific issues. Out of 21 initial public offers (IPOs) in 2018, shares of 11 companies now trade below their issue price. “As the market went up, so did the expectation and pricing of the IPOs. Pricing issue was in sync with market sentiment,” said Arun Kejriwal, director of Kejriwal Research and Investment Services Pvt. Ltd. The companies that can be listed as the top losers in the pack are Apollo Micro Systems Ltd and ICICI Securities Ltd. These companies were down by 50% and 39% respectively from their issue price. Apollo Micro Systems ...