Our Business Desk: Eastern Chronicle 24 x 7, 2nd September 2024.
Indian market regulatory, SEBI studies and said on Monday that, Investors in Public issues sold 54% or more in a week, of Listing.
In between April 2021 and December 2023, investors shown into the Study of SEBI, showed a Greater propensity to exit from initial Public offers, that exhibited from positive listing gains , than those listed at a loss, the study by the Securities Exchange Boards of India (SEBI).
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Study also shown that, Shares of 144 Companies were listed during the period of raise when 2.13 trillion rupees , ie. 25.39 billion U. S. Dollars, with three-fourth times of these IPOs delivering positive returns, SEBI reported.
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Mutual Funds tended to Hold shares Alloted in IPOs Longer, while Banks Sold them swiftly, where the study shown. The Banks Sold 79.8% of Shares, the SEBI Reported.
SEBI also added that, retail investors sold 42.7% shares in a week, while Banks Sold 79.8% of shares in a week.
(1 U. S. Dollar equal to ₹83.88 ).