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  • Financial Express

Negative returns for 63 out of 161 IPOs in last fiscal

A flurry of initial public offerings (IPOs) have hit the market in the previous two financial years. These listings, which happened amid much fanfare, failed to live up to their promise instead, generating heavy losses for investors who had bet on them.

Of the 161 IPOs which hit the Street in FY23, raising an aggregate Rs 50,514 crore, 63 returned losses to investors. Those giving more than 100% returns were just 24, while the remaining 74 gave between 10% and 99% returns, according to Bloomberg data.

Read more at Financial Express


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