Investors may not have made much money from the secondary market in August, with Nifty falling 0.6% during the month. But IPO investors had a far better run, as most new listings delivered gains on debut and continued to trade above their issue prices.
Out of 17 IPOs that listed in August, 15 gave positive listing-day returns, translating into a hit rate of about 88%. The same number of issues are also trading above their issue price as of the latest available data, which means nearly 90% of August IPOs are still in the green.
