Reliance IPO – Other side of coin……
My earlier post was the goood part of Rel IPO .
But even there is a part that is equal to the worst night mare we ever had.
On jan 18 at the time of closing the rel shares were shinning like stars in the sky.
It profited till the 10th of feb.
The tragic day started on 11th of feb.
As soon as the market opened the rel shares reached the price Rs 430 from Rs 548.
The stock was repeatedly hammered in first 3 sessions
The same day the share went to Rs 599 and at the closing hours crashed upto Rs 333.
As a result even Sensex was crashed and that closed with 834pts down.
The market capiital is about Rs 87,000 crores.
Since the day of listing the investors have lost totally Rs 1,352 crore.