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What is IPO Investors Face ₹5,000 Cr Loss in 2008 about?

Investors in Indian IPOs have lost over Rs 5,000 crore so far in 2008. Out of 34 IPOs issued this year, 26 are trading below their issue price, with the current total value being Rs 11,562 crore compared to the Rs 16,920 crore that was raised. This represents a loss of 31.67%. Additionally, 5 companies withdrew their proposed IPOs totaling over Rs 4,000 crore prior to approval, and 20 other companies did not proceed with approved IPOs due to market uncertainty. Of the companies listed in the second quarter,

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