In FY 2021-2022, 51 IPOs raised a record-breaking Rs 1,20,670 crore. While 32 of the newly listed stocks added roughly Rs 34,327 crore to investors’ wealth, 19 of them fell below the issue price and wiped out Rs 24,582 crore. Amid the uncertainty, ET Wealth’s Babar Zaidi explains why the listing price is not an indicator of an IPO’s success & how the secondary market offers a better opportunity. Watch
