The Indian stock market is running alongside the secondary market as well as the primary market. However, with the IPO being released in the primary market, the gray market is seen to be active and there is a premium called, which is the price of good companies is called and investors have done the work There are reports of. Similarly, there are deals of unlisted companies as well. The leading group and the leading companies deal with the prices of these companies whose IPOs have not come but are going to come in the short term, but for the last few years, the companies who bring IPOs is, which sees large discounts compared to its unlisted price against the IPO price and these discounts have been seen in the range of 25 to 50 percent, allowing investors who have already invested has suffered a huge loss. In which the IPO price of PB Fintech was Rs 940-980 per share. Whereas, in November 2023, its unlisted price was Rs 1800 per share. That is, this IPO has come at a discount of 45 percent. The IPO that has recently opened has come at 32% discount against the unlisted price of the IPO of SBI Funds. It had an unlisted price of Rs 850 in June. The IPO offer is priced at Rs 574 per share. This IPO has come at a discount of 32 percent. In addition, the IPO of the AGS transaction was valued at Rs 185-195 per share. But in January 2022, its unlisted price was Rs 550 per share. There was also a lot of hype in the unlisted space about HDB Financial. The liquidity in the stock was also very good. The IPO was priced at Rs 700-740 per share. At the same time, its unlisted price was Rs 1200-1250 per share. That is, this IPO has come at a price 40 percent lower than its unlisted price. Speaking of UTI AMC, its IPO price per share was 552-554. But in the unlisted space its price has reached around Rs 1100 per share. This IPO has also come at almost half the price of its unlisted price. The IPO price of Tata Technologies was Rs 475-500 per share. Whereas, in November 2023, its unlisted price was Rs 950 per share. That is, this IPO has come at a discount of 47 percent. Similarly, if we look at the IPOs of Wari Energies and Delhivery, the IPO price of Wari Energies was 1427-1503 per share. At the same time, its unlisted price in October 2024 was Rs 2700-2750 per share. Delaware's IPO also came at 50 percent less than the unlisted price. If you only invest in an unlisted space with the expectation of an IPO, it is a big warning for you. SEBI is also constantly alerting in this regard. It is important to keep in mind that there is very little liquidity in the unlisted space. However, investors who do not get allotment of shares in the IPO and are excited to invest in the company, get caught in this trap and know its real value Without buying, they hope to get more profit in IPO, but it is fraudulent. Currently, the much talked about exchange NSE also has an IPO coming up and there was a huge demand for its unlisted shares, the price of which used to be around Rs 2500. Now it has to be seen how much the IPO price keeps, the discount is also being considered to be spoken. This is evident from SBI Funds' IPO, which has dropped 32% on its unlisted price. Those who used to think that buying in the unlisted market before the IPO would benefit, now they have a big shock. There was a huge loss in the process of pocket filling in the unlisted market in this IPO. It's not just about SBI funds. If you look at the past records, a lot of IPOs that had a lot of hype in the unlisted space have cheated investors.
Investors who invested in the unlisted market suffered huge losses (Business) is featured on Aapnu Amdavad — the digital home of Ahmedabad, where Amdavadis discover news and everything happening across the city.