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    Congoo - Sept 16,2008 - IPO Investors Lose Over Rs 50 BN in 2008

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    Jagannadham
    Investors have lost over Rs. 50 billion investing in initial public offerings (IPOs) in 2008 as most companies are trading at a discount to their IPO price. 34 IPOs this year raised Rs. 169.2 billion but are now only worth Rs. 115.62 billion, representing a 31.67% loss in value. 26 of the 34 IPOs have closed below their issue price and 5 companies withdrew their IPO plans before approval.

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    Congoo - Sept 16,2008 - IPO Investors Lose Over Rs 50 BN in 2008

    Uploaded by

    Jagannadham
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    Investors have lost over Rs. 50 billion investing in initial public offerings (IPOs) in 2008 as most companies are trading at a discount to their IPO price. 34 IPOs this year raised Rs. 169.2 billion but are now only worth Rs. 115.62 billion, representing a 31.67% loss in value. 26 of the 34 IPOs have closed below their issue price and 5 companies withdrew their IPO plans before approval.

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    Congoo_Sept 16,2008_IPO Investors Lose Over Rs 50 Bn in 2008

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    Investors have lost over Rs. 50 billion investing in initial public offerings (IPOs) in 2008 as most companies are trading at a discount to their IPO price. 34 IPOs this year raised Rs. 169.2 billion but are now only worth Rs. 115.62 billion, representing a 31.67% loss in value. 26 of the 34 IPOs have closed below their issue price and 5 companies withdrew their IPO plans before approval.

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    13 views1 page

    Congoo - Sept 16,2008 - IPO Investors Lose Over Rs 50 BN in 2008

    Uploaded by

    Jagannadham
    Investors have lost over Rs. 50 billion investing in initial public offerings (IPOs) in 2008 as most companies are trading at a discount to their IPO price. 34 IPOs this year raised Rs. 169.2 billion but are now only worth Rs. 115.62 billion, representing a 31.67% loss in value. 26 of the 34 IPOs have closed below their issue price and 5 companies withdrew their IPO plans before approval.

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    IPO Investors lose over Rs 50 bn in 2008

    Investors have lost above Rs 50 billion on the money invested in initial public offering (IPO) since January
    as most companies are trading at discount of their IPO prices, reports Business Line.

    The 34 IPOs that were launched in this year raised Rs 169.20 billion but the current value of these money
    invested stand at Rs 115.62 billion, thus new issues have together suffered 31.67% loss in value. Out of the
    34 IPOs, 26 have closed below their issue price. Five companies with mega IPO plans have withdrawn their
    prospectus prior to SEBI approval.

    The shares of companies (listed during second quarter) which are trading below the issue prices include
    Resurgere Mines and Minerals, Nu Tek India, Birla Cotsyn India, KSK Energy, Lotus Eye Care, First
    Winner Industries, Archidply Industries and Sejal Ar chitectural Glass.

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