Look beyond the call of IPOs
The Hindu
For a stock to be a good long-term bet, it needs to be backed by a strong business and be available at reasonable valuations
Seven months, 25 issues. 80, 100, 120% in listing-day returns. IPOs this year are a starry lot! If you were among those that received allotments in IPO applications and made good money, you’d be sitting happy. But if you didn’t apply or weren’t allotted any shares, don’t bemoan the missed opportunities. Here is what you should know about IPOs. IPOs are sought after in the belief that they serve up return opportunities that you won’t find in ‘older’ or existing stocks. But does that pan out in reality? Not quite. Let’s take it from two perspectives.More Related News