How IPO’s from Last Six Months Performed in Indian Stock Market
The Stock Market is one dynamic landscape where one can never be sure of what might take shape the very next moment. Last few months have witnessed a large number of IPO's getting SEBI's approval for public listing. But, how have they performed?
Surprisingly, more than half of the listed Initial Public Offerings (IPO) stocks in last six months are trading below their issue price indicating that long-term capital chase in primary offers has not been put to good use. Out of 13 long-term IPOs since December 2017, seven of them have investors sitting with losses upto 29%.
Investment bankers and Institutional investors believe that there have been many cases where rich valuations were sought in the IPO by promoters citing previous examples. Moreover, the topsy-turvy secondary market to ha...