52 pc IPO investors sold shares on listing day

Almost 52 pc of IPO investors sold shares on the listing day in the first four months of the ongoing fiscal year while another 20 per cent sold the allotted shares within the first week of listing on stock exchanges, an analysis by Motilal Oswal Financial Services showed.
Representative Image
Representative Image

New Delhi

Around 64 per cent of the initial public offering (IPO) clients applied for at-least two such public issues, according to the broking and distribution business of Motilal Oswal Financial Services Ltd (MOFSL). The data showed that around 5.7 lakh of Motilal investor clients subscribed to initial share-sales in just 4 months of 2021-22 compared to 5.1 lakh in the entire preceding fiscal year. 
Around two-thirds of overall IPO clients have been onboarded from three states - Gujarat, Rajasthan and Maharashtra. MOFSL cited this exponential surge in numbers from 17 IPOs in comparison to 36 IPOs in the last fiscal year.

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