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Street Signs: Wealthy investors cautious on IPOs, bullish market, and more

While the stock listed at more than 50 per cent premium over its IPO price, investors lost money as the huge oversubscription pushed up the break-even threshold to 70 per cent

Samie Modak 

HNIs may go slow on IPO wagers Wealthy investors are likely to limit their leveraged bets for forthcoming IPOs after burning their fingers in Ujjivan Small Finance Bank. While the stock listed at more than 50 per cent premium over its IPO price, investors lost money as the huge oversubscription pushed up the break-even threshold to 70 per cent. “After the success of IRCTC and CSB Bank, all the bets on Ujjjvan went awry.

This is likely to make wealthy investors cautious. While the estimated listing price is an important factor, investors also have to be mindful on the demand. High ...

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First Published: Sun, December 15 2019. 22:44 IST
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