The primary market emerged as a money spinner for investors in 2017-18, with 65 per cent of the newly listed companies trading well above their issue prices, giving returns of up to three times.
Out of 41 companies that made their debut in the past fiscal, 27 are trading above their issue prices fixed after their IPOs. The remaining 14 firms, however, have failed to attract investors and are quoting below their issue price, an analysis of the new entrants on the NSE showed.
These 27 firms have rewarded investors with returns in the range of 1-325 per cent, with six of them reaching over 100 per cent till the last trading date (April 27).
