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IPO investors lose Rs 5,000 cr
Press Trust of India
NEW DELHI, Sept. 15: Primary market investors have lost more than Rs 5,000 crore
with shares of most of the companies, which came out with initial public issue since
January, trading at a discount.
Out of 34 IPOs issued this calendar year, 26 closed below their issue price last week.
These IPOs have raised Rs 16,920 crore but the current value stands at Rs 11,562
crore. So they are suffering a loss of 31.67 per cent, said Mr
Jagannadham Thunuguntla, equity head, NEXGEN Capitals Limited.
He said five companies namely JSW Energy, RNS Infrastructure, Ybrant
Technologies, Elysium Pharma and Kamayani Patients Care, with the proposed issue
of more than Rs 4,000 crore, withdrew their IPOs prior