These companies created a lot of hype when they listed on the bourses. But soon broke the hearts and banks of those who invested in them…
By Abhisar Narula
New Delhi: Initial Public Offerings (IPOs) have been attracting a lot of investor interest in the past couple of years. Lately, IPOs of retail companies, in particular, were among the highly anticipated lot, thanks to the stellar success of public issues by retailers like D-Mart (Avenue Supermarts), which zoomed 105% over its list price of Rs 299 as it made its debut on the Bombay Stock Exchange (BSE) on 21 March 2017 at ₹604.4.
