The Statesman - Sept 15, 2008 - IPO investors lose Rs 5,000 cr
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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.
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The Statesman - Sept 15, 2008 - IPO investors lose Rs 5,000 cr
- 1. The first completely customisable news site on the web 133 years in print Home | Classified | Jobs | Matrimonials | Archives | Advertise | Feedback | About Us 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