Hello everyone.. I had confusion on buying the stocks on opening day at listing price.. Made good decision in JSW Infra, IREDA, OLA and made some worst decision in Flair, Vibhor steel, Uni commerce to name few.
So did a short analysis on IPO performance based on listing day gains and present performance.
Came through some important facts. IPO's which had negative listing or listing gain less than 50% have given more than 100% returns and stocks which had steller performance > 50% on listing day gave low returns if the stocks bought on listing day opening price.