Reliance IPO lists below the offer price.
Is it wise investing in the Indian primary stock Market? The giant Anil Ambani’s Reliance Power IPO listed today and every Investor and the whole world expected to list with a good premium. Everything went down and the premium company listed below the offer price and shocked the investors and the Market. The issue was over subscribed 70 times.
Now the question everyone carries, Is the share over priced? Dhirubhai Ambani, Anil Ambani’s father was considered as darling of retail investors. But, Anil won’t be considered to be so as many of the investors lost their money on the listing day. Now ‘CAUTION’ is the apt word for the investors to put their money in primary market without looking the fundamentals and just looking just the promoters. Many lessons are learnt and it’s a tough time for the investors in the Indian Market.