Letter to BS: Over half of 2018 IPOs trading below issue price

It is time that Sebi does something tangible in this regard to mitigate the woes of investors and reduce their pains

This refers to “Over half of 2018 IPOs trading below issue price” (June 19) makes a sad reading. In these days of galloping inflationary trends, dwindling bank interest rates, reduced post office deposit rates, and spurious chit companies, investors tend to take a reasonable risk and invest in shares and stock markets with a fond hope that they will get some capital gains and appreciation of their investments. But alas, their hopes are smartly belied by greedy corporate companies with over-valued initial public offerings (IPOs). This approach of the corporates including government-owned companies is retrograde and disappointing.

Earlier, prior to the