IPOs on track despite poor listing record; 6 offers to be launched in March

According to experts, the lackluster performance of IPOs this year could impact participation of investors in the forthcoming share sales

A slew of companies have queued up for public float over the next three weeks before the new capital gains tax regime kicks in. However, a tepid performance of new listings this year amid weakness in the secondary market following the recent banking fraud could weigh on investors’ sentiment.
 
Shares of half a dozen companies that launched their initial public offerings (IPOs) in 2018 are up an average 1.6 per cent over their issue price. Further, shares of these companies have come down an average 18 per cent from their highs. The weak listing trend continued on Friday as