Primary market investors have lost more than Rs 5,000 crore (Rs 50 billion) with shares of most of companies, which came out with initial public issue since January, trading at a discount.
"Out of 34 IPOs issued this calendar year, 26 of them closed below their issue price last week.
These IPOs have raised Rs 16,920 crore (Rs 169.2 billion) but the current value stands at Rs 11,562 crore (Rs 115.62 billion).
So they are suffering a loss of 31.67 per cent," said Jagannadham Thunuguntla, Equity Head, NEXGEN Capitals Limited.
Text: PTI
Image: Indian investors watch the share prices on a digital stock ticker outside the Bombay Stock Exchange building in Mumbai. | Photograph: Sajjad Hussain/AFP/Getty Images
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