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IPO investors
Heavy losses in IPO rush
70 per cent of last year's initial public offers trade below offer price. The last financial year wasn't great for investors in initial public offers (IPOs). With nearly 70 per cent of the 51 IPOs quoting below their offer price, wealth erosion has been high. The overall loss to investors: In the excess of a whopping Rs 3,600 crore, excluding the gains from Coal India. BCCI laughing all the way to