7 out of 11

Today the IPO offer for Narayana Hrudayalaya opens.

The merchant bankers to the offer are Axis Capital,IDFC Securities and Jefferies.

I found this risk to investors mentioned in the offer document as hilarious:

“The 3 Merchant Bankers associated with the Offer have handled 11 public issues in the past three years,out of which 7 issues closed below the issue price on listing date.”

How comforting.

One reply on “7 out of 11”


Although I am happy that such a disclosure is made in clear large font, and not in tiny fine print.

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