After listing, majority of momentum IPOs trading below issue price

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It is a known fact that primary market activity sizzles up when secondary market performance improves and a number of companies line up with their public issues to cash in on improved market sentiments. (Reuters) It is a known fact that primary market activity sizzles up when secondary market performance improves and a number of companies line up with their public issues to cash in on improved market sentiments. (Reuters)
SummaryIt is a known fact that primary market activity sizzles up when secondary market performance improves and a number of companies line up with their public issues to cash in on improved market sentiments.

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Others agree. “Companies coming out with IPOs are not giving shares at par or at book value and so investors need to evaluate them like they do before investing in any stock in the secondary market. Equal caution should be practised in any equity investment,” said Dinesh Thakkar, CMD, Angel Broking.

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