With the fall of the stock market, now the shares of companies that brought IPO have also come. There are 12 such stocks in which investors have lost up to 69 percent. Of the total 41 IPOs with a size of more than Rs 1,000 crore, 12 IPOs have caused significant losses to investors. Of this, half are trading below the listing price while 18 are trading below the IPO price.
Paytm is among the biggest losers, which has given a loss of 69 percent compared to the price of the IPO. Apart from the IPO price, the upper level of these stocks has also declined. All of them are broken from 50 percent to 67 percent. Glenmark's stock declined 46 percent from the IPO price, while Chemplast's share fell 25 percent.
Car trade gave a loss of 61 percent
The stock of Car Trade is down 61 percent from its IPO price while the stock of Policybazaar is trading down 51 percent. The share of Zomato has given a loss of 24 percent and the share of Fino Payments Bank to the investors of 60 percent. The stock of Krishna Diagnostics has given a loss of 50 percent to investors.
Adani Group to invest 8 lakh crore
Adani Group owner Gautam Adani said they will invest Rs 8 lakh crore ($100 billion) over the next decade. This investment will be made in new energy and digital sectors. It will also have data centers. Of this, 70 percent will be invested in the energy transformation sector. Speaking at a conference in Singapore, he said, the time to come in for the new energy sector. He will add 45 GW of hybrid renewable energy generation.
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