IPO Hurry! While 18 of 30 major IPOs fail and 8 have negative returns, Bajaj Housing Finance and Bharti Hexacomm have significant gains.
Comparing the CNX 500 index to the 30 IPOs, just twelve of them, in terms of issue size, were able to provide investors with returns. From a different perspective, 60% of IPOs have not been able to outperform the CNX500 since their introduction. Thirty-one IPOs have had eight negative returns. Reliance Power destroyed the most…