Swipe through the latest business and wealth clues with our android app

Newly listed shares trading at less than half the IPO price

Out of the 15 newly-listed companies that got listed this fiscal, shares of 10 firms are trading below their IPO price while the remaining five are still trading above the IPO price giving returns of upto 46%. Some of these shares have tumbled by as much as 53% till the latest trading session (November 7). Shares of ICICI Securities have been the worst hit, declining 53.20% from its issue price of Rs 520 per share. In 2017-18, a total of 45 companies had come out with their IPOs raising a record of over Rs 82,000 crore.

Read More at Livemint News date : 9 Nov 2018, Friday

©2020 TheNewsClues