Kamath’s warning come in the wake of a massive 40% loss that HDB Financial’s Pre-Investors are Sitting on.
“Most Investors Think they can make easy money by picking these pre -para companies, waiting for the IPO, and making big listing gains. Entrepreneur said in a social media post on x today.
HDB Financial IPO’s price of 740 represents a significant 40% decline from its unlisted market value of 1,225, which it was commanding ahead of the price band announs. From its high of 1,550, some pre-soon investors of HDB Financial are facing a Massive 52% Devaluation.
Pre -at Investors of Swiggy also decided a similar fate. According to an ET Report, Swiggy Shares was changing hands at over 500 in the unlisted market just a month before the IPO launched in November. Today, The Stock is Trading Around 400.
Risks of Investing in Unlished Stocks
This is not just the case with HDB Financial; Some of the popular stocks like nse, Chennai Super Kings and Metropolitan Stock Exchange (MSEI) have Rallied 87.50%, 12%and 525%, Respectedly, in the Last One Year.
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