LIC shares will be listed in the stock market today i.e. on Tuesday. Its price is down in gray market. If we talk about IPO of government companies, then most of the investors have disappointed. In the last 13 years, a total of 26 public sector companies were listed on the stock exchanges. Of these, 15 have caused loss to investors, while only 11 have given profit.
Among the PSU stocks that hurt investors, NHPC 12 percent, Coal India 30, NMDC shares 58 percent, MOIL 58, HUDCO 47, Cochin Shipyard 27 percent and IRFC shares are prominent with 18 percent loss.
Now this is the condition of these IPOs which did amazing this year on the day of listing day, will LIC get rich?
General Insurance of India (GIC) is the first name among the government companies that suffer the most. It has given a loss of 87 per cent. GIC’s IPO came in 2017 at a price of Rs 912, whose share price has now come down to Rs 115. At the same time, IRCTC gave the maximum benefit to the investors. Its IPO came in 2019 at Rs 320. Now the price is Rs 655. It went up to Rs 6,400. Later it was slit and five shares were made in one share.
Talking about the data given on BSE’s PSU index, New India Insurance is also among the highest loss-making government companies. This too has given a loss of 87%. Its IPO came in 2017 at Rs 800 and is now at Rs 104.95. The share of Punjab and Sind Bank has also given a loss of 87 percent. It came in 2010 at Rs 120 and is now at Rs 15.
they took advantage
Some companies have also made investors earn. The share of Bharat Dynamics has given a gain of 53 percent, while the share of Hindustan Aeronautics has given a gain of 25 percent, MIDHANI 84 percent, RITES 33 and Garden Rich’s share has given a gain of 140 percent. Shares of POWERGRID have given a gain of 355 per cent. This IPO, which came at Rs 52, is now trading at Rs 235.