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IPO market cooled down, condition of these companies is bad, investors lost money

  • At present, there has been a decline in the shares of small-cap and mid-cap companies in the stock market. Due to which the IPO market has cooled down. IPO shares of many companies are currently trading in decline.

There has been a decline in the shares of mid-cap and small cap companies in the stock market during the last few months. Due to which the listing of IPO this year has become more unpredictable as compared to last year. IPO of 21 companies came during the last 3 months. Out of which IPOs of 10 companies opened with a decline on the day of debut. At the same time, during October to December, IPO of a total of 28 companies came. Out of which, shares of only 4 companies opened with a decline on the day of debut.

The condition of these companies remained bad

According to experts, the selling in mid-cap and small cap stocks has also affected the listing of IPOs. Recently, shares of JG Chemicals, RK Swami, Gopal Snacks, Popular Vehicles and Crisital, which opened in the stock market, closed below the IPO price.

These IPOs made them rich

If we talk about some top performing IPOs in the month of March, the first name among them is Owais Metal and Mineral Processing. The issue price of the company was Rs 87 per share. Which has currently reached the level of Rs 407. That means at present the stock was trading with an increase of 368 percent over the issue price.

These companies are also not behind

Shares of erstwhile Flexicap, Signoria Creation and Royal Sense are currently trading at a premium of 65 per cent to 125 per cent over the issue price. Talking about the mainline category, shares of Exicom Tele System were trading at the level of Rs 214 till Friday. Which the issue price of the company was Rs 142. That means the stock price has gained 51 percent from the issue price. On the other hand, shares of MVK Agro Food Products were trading at a 52 percent decline from the issue price.

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