Monday, October 6, 2008

20 Microns Ltd IPO stocks listed at steep discount

This is exactly what you expect in falling market. 20 Microns IPO stocks went down around 40% on its debut.

20 Microns IPO which was open on 08 Sept and closed on 11th Sept, subscribed around 4.29 times (10.6 times in retail). Retail investors had big hopes from this IPO as 20 Microns was the only book building IPO of Sept 08.

Poor listing of 20 Microns is another setback to the primary market in India where around 80 companies are in line & waiting for funding through IPO.