28 Aug 07 KPR Mill IPO listed at a huge discount

KPR Mill IPO listed on the stock exchanges today at a huge discount to its IPO issue price. After touching a day’s low of Rs. 175 the KPR Mill share prices have recoverred a bit and are now trading at Rs. 192 which is at a discount of Rs. 33.50 (about 15%) to the IPO issue price of Rs. 225. Since the allotment was high, investors who applied in the KPR Mill IPO, would have lost a lot of money investing in the IPO.

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