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REC IPO Update | Good Indian IPOs can also Fail

Posted By On 8:37 PM Under


It is surprising that the IPO of Rural electrification corpn has failed to elicit response. 96% of the IPO has been subscribed and now govt is banking on the LIC to bail out the IPO.

Only matter of concern is that subscription by high net worth individuals (HNIs) and retail investors has been negligible in the IPO.
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