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In the record rally of the market, IPOs are coming in a big way and people are earning from them. Due to this, almost all the IPOs are getting a strong response. People have got the notion that earning is guaranteed when shares are allotted in an IPO, which is not true. These shares are good examples of those, from which IPO investors did not earn money, but definitely suffered losses.
Unicommerce E-Solutions: This IPO opened on August 13. Its issue price was Rs 108. A day before the listing, the stock was trading at a premium of Rs 69 in the grey market. Currently, the stock is trading 4.2 per cent below the issue price.
The issue price of Shri Tirupati Balaji Agro IPO was Rs 83. It was also trading with a GMP of Rs 27 before listing. Currently the stock is down by 7.2 percent.
Similarly, Tolins Tyres shares are currently trading at a loss of 12.2 per cent compared to the issue price of Rs 226 in the IPO, while Cross shares are trading at a loss of 8.1 per cent.
The stock of PN Gadgil Jewelers was trading at almost double the price in the grey market. Its GMP before listing was Rs 303.50 as against the issue price of Rs 480. Currently the stock is in loss of 12 per cent.
Similarly, the shares of Seagull India are trading at a loss of 9.3 per cent, the shares of Saraswati Saree Depot are trading at a loss of 15 per cent and the shares of Bazaar Style Retail are trading at a loss of 8.4 per cent.
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