PRIMARY market investors have lost more than Rs 5,000 crore with shares of most of companies, which came out with initial public issue since January, trading at a discount.

1. PRIMARY market investors have lost more than Rs 5,000 crore with shares of most of companies,
which came out with initial public issue since January, trading at a discount.
“Out of 39 IPOs issued this calendar year, 30 of them closed below their issue price last week.
These intial public offers (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 Jagannadham Thunuguntla, equity
head, NEXGEN Capitals.
He said five companies — which include 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 to securities and exchange board of India (Sebi) approval.
In 2008, 20 companies did not tap the primary market despite approval from Sebi due to uncertainty
in the markets.
Shares of eight out of ten companies, which got listed on stock markets during second quarter of the
c