This refers to “Over half of 2018 IPOs trading below issue price” (June 19) makes a sad reading. In these days of galloping inflationary trends, dwindling bank interest rates, reduced post office deposit rates, and spurious chit companies, investors tend to take a reasonable risk and invest in shares and stock markets with a fond hope that they will get some capital gains and appreciation of their investments. But alas, their hopes are smartly belied by greedy corporate companies with over-valued initial public offerings (IPOs). This approach of the corporates including government-owned companies is retrograde and disappointing.
Earlier, prior to the
