Wednesday, January 18, 2017

DSP Merrill Lynch's worst IPO : Unity Infraprojects

In 2006 DSP Merrill Lynch managed Unity Infraprojects IPO. The issue was made at Rs 675 a share.

The stock is now trading at Rs 9. In 2010, there was stock split. The Rs 10 FV stock was split to Rs 2 FV. If adjusted to the stock split, the stock is worth Rs 45, down Rs 630 or 93% . This is apart from opportunity cost.

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