OIL IPO closed today with QIB portion oversubscribed 53.83 times, NII 10.477 times, Retail 1.7642 and Employee reservation 0.267 times.
Despite a great response from QIBs, retail participation is very minimal. When we were at the peak of bull run, any IPO was getting over subscribed heavily by retail investors too. In fact, lot of demat accounts got opened before the Reliance Power issue.
This shows that Retail investors just put in their money in IPOs only based on sentiments and mostly for short term benefits.
Can we infer that retail investors are just behaving as traders based on sentiments and are yet to mature as investors?
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