Financial news updates- Stock Market IPO's
As mentioned in the Financial Sector News, the last 10 IPOs in Indian Stock market shares fell from 9% to 41% in the last month.
IPOs will now be postponed, the last 10 IPO's shares have seen a huge decline. Since February, these 10 IPO stocks have seen a decline of 9 to 41% percent. While the Sensex fell 20 and Nifty 19.72 percent during this period.
Corona has also had a bad impact on the IPO of SBI Cards which was called the Most awaited IPO stock in March. According to the latest financial news updates This IPO was listed at Rs 658 with a 13% discount as against the issue price of Rs 755. Whereas it was estimated that it would be listed at a premium of more than 60%.
Shares related to the banking sector fall drastically.
Three of the last 10 IPO's were related to the baking sector. CSB Bank, Ujjivan Small Finance Bank, and SBI card stocks have fallen more than 30% since February. CSB Bank fell by 35%.
IRCTC has given better returns.
The business of IRCTC is closed in this lock-down. IRCTC IPO, with an issue price of Rs 320, was listed on October 14. Within four months, this stock had risen 6 times to cross Rs 1900 in February. It is currently trading at 1292, and even at this rate, its return is 300%.
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