Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22

Around two-thirds of overall IPO clients have been onboarded from three states - Gujarat, Rajasthan and Maharashtra

Almost 52 per cent of IPO investors sold shares on the listing day in the first four months of the ongoing fiscal year while another 20 per cent sold the allotted shares within the first week of listing on stock exchanges, an analysis by Motilal Oswal Financial Services showed.
 
Around 64 per cent of the initial public offering (IPO) clients applied for at-least two such public issues, according to the broking and distribution business of Motilal Oswal Financial Services (MOFSL).
 
The data showed that around 5.7 lakh of Motilal investor clients subscribed to initial share-sales in just 4