Market uncertainty affects return of IPOs listed in last 90 days

Posted By: Religare
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Market uncertainty affects return of IPOs
Volatility in the stock market in 2011 saw the Initial public offerings (IPOs) listed in last 90 days losing heavily on the bourses. Total 17 IPOs are listed in last three months, out of which 12 are providing negative returns while 5 are providing positive returns.

Equity market uncertainty due to global economy turmoil, Euro zone debt crisis and gloomy outlook for Indian economy has made the IPOs less attractive for the investors.

Taksheel solution has posted highest loss among the all IPOs, with the negative return of 87.35 per cent. Indo Thai, Brooks Labs, Tijara Poly and Vishwani ltd have also posted negative return of 83.68 per cent, 80.4 per cent, 76.8 per cent and 62.16 per cent respectively.

However, Onelife capital remained one of the top performers on return basis with posting the 151.95 per cent return during the period under review.

Dion Global Solutions Ltd

Read more about: ipo, debt crisis, euro zone
Story first published: Saturday, November 19, 2011, 9:30 [IST]
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