Q4 turns to be mixed bag for IPOs

Mumbai: Investors, who had invested in IPOs that had hit the street this year, have experienced mixed fortunes on the domestic bourses with close to 60 per cent of the IPOs falling below their issue price post listing.

Out of seven IPOs listed this year, four are trading at a discount to their issue price with three of them suffering double-digit losses in just a short span of time.

The shares of Precision Camshafts slumped 20.43 per cent since its listing in February while the shares of Quick Heal Technologies, Healthcare Global Enterprises and Bharat Wire Ropes have seen their price erode by 18.79 per cent, 16.38 per cent and 9.78 per cent respectively. Interestingly, IPOs Healthcare Global, Bharat Wire Ropes and Precision Camshafts witnessed a lukewarm response as many of them stayed away citing expensive valuations.