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IPOs starting to lose steam?

The weakness in the Sensex & Nifty indices seems to be spilling over into the IPO world: of the 4 issues that listed at the NSE last week, only 2 are profitable as of now.

  1. Firstsource Solutions, listed Feb 22 at Rs 64, trading at Rs 83
  2. Power Finance Corporation Limited, listed Feb 23 at Rs 85, trading at Rs 117
  3. Transwarranty Finance Limited, listed Feb 26 at Rs 52, trading at Rs 46
  4. C & C Constructions Limited, listed Feb 26 at Rs 291, trading at Rs 273

With 10 more IPOs to be listed soon, keep an eye on first day performance to gauge the (speculative) strength of the market.

This entry was posted on Tuesday, February 27th, 2007 at 10:36 am and is filed under ipo. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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