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From finance startup Paytm to the nations largest insurer, investors have lost money from those IPOs in the past two years. Theyve turned to companies offering up to just $100 million in stock sales, as India hosted 92 such listings this year, the most in the world, according to data compiled by Bloomberg.
(Bloomberg) -- The largest single investor in IdeaForge Technology Ltd. is doubling down on India’s drone-making sector after an early bet on the Mumbai-listed company generated a return of almost 600%.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Rate
Former Amazon executive Puneet Chandok, who left the Seattle-based etailers Amazon Web Services team as its India and South Asia head, in June, will now lead the India operations of Microsoft. This and more in todays ETtech Top 5.
SBFC Finance IPO | The minimum investment by retail investors would be Rs 14,820 per lot or 260 shares and the maximum they can invest is Rs 1,92,660 for 3,380 shares or 13 lots, as they can invest up to Rs 2 lakh in IPO
These stocks have declined between 15 per cent and 68 per cent over their respective issue price