In 2008, 20 companies did not tap the primary market despite approval from Sebi due to uncertainty in the markets. Shares of eight out of ten companies which got listed on stock markets during second quarter of the current fiscal (July-September) following the IPO are trading below the issue price.

1. Investors in IPOs lost over Rs 5,000 cr in 2008 so far
IPO, New Issues
New Delhi: Primary market investors have lost more than Rs5,000 crore with shares of most of companies, which
came out with initial public issue since January, trading at a discount.
“Out of 34 IPOs issued this calendar year, 26 of them closed below their issue price last week. These IPOs have
raised Rs16,920 crore but the current value stands at Rs11,562 crore. So they are suffering a loss of 31.67%,” said
Jagannadham Thunuguntla, Equity Head, NEXGEN Capitals Limited.
He said five companies which include JSW Energy, RNS Infrastructure, Ybrant Technologies, Elysium Pharma and
Kamayani Patients Care, with the proposed issue of more than Rs 4,000 crore, withdrew their IPOs prior to Sebi
approval.
In 2008, 20 companies did not tap the primary market despite approval from Sebi due to uncertainty in the markets.
Shares of eight out of ten companies which got listed on stock markets during second quarter of th