Poor start for new IPOs

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  • Published On: October 08, 2010
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Two of the three companies (Orient Green Power, Ramky Infrastructure and Electrosteel Steel) that listed on bourses, tanked up to 14 per cent on lack of investors' interest amid a weak broader market. Ramky Infra tumbled 14 per cent to Rs 387 and Orient Power ended 5 per cent lower than its issue price at Rs 45.

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