IPO investors are a worried lost as Rs 3,000 crore of their money has been wiped out from the markets. Recently-listed IPOs, including biggies such as Reliance Power and Future Capital, are trading at a steep discount to their issue price as the market sentiment is extremely bearish. The Sensex has lost nearly 6000 points within a span of 45 days. Factoring the adverse market conditions, Emmar MGF, Wockhardt Hospitals and SVEC Constructions withdrew their IPOs in the last minute. Aggressive pricing of IPOs and poor advice of investment bankers are the major factors behind the recent public issue debacle. Let`s take a look at some of the recently-listed IPOs and how they are trading in the stock markets.
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