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#Irctcipo The last IPO to offer over 100% returns on listing was Astron Paper & Board (141.5%). Salasar Techno Engineering (143.1%) and Avenue Supermarts (114.6%) were other gems in 2017! @darshanvmehta1 @YatinMota @WeekendInvestng
Garden Reach Shipbuilders listed a year ago after tepid response. We had this to say, "A direct implication for investors is to not expect immediate fireworks and hold it for couple of years". Never knew all of this will play out in a year!
Well established pattern! Show high profits, bring a high-priced IPO and dump the shares on retail investors. More often than not, this is followed by poor results! On the flipside, ICICI can now earn revenues through 'What not to do in an IPO' playbook.