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).
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.
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 ).
