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