High retail concentration in small companies; many left to fend for themselves in penny stocks
IndiaBulls Power IPO's charged-up performance (the issue was subscribed 21.84 times) earlier this month had only one jarring note: the retail portion of the initial public offer barely scraped through, with a subscription of 1.09 times.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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