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IPO: Look before leaping

It’s time retail investors punish fundamentally weak IPOs In recent times, much has been said about the poor performance of newly-minted public companies, as almost 70 per cent of these have eroded investor wealth on listing. The figures are staggering — almost 70 per cent of initial public offers (IPOs) have not delivered returns and shareholders have lost close to Rs 3,600 crore on listing of these dud issues. While the concern of the regulator is valid on companies tapping the capital market at high valuations, it’s time investors punish issues with poor ...