Bharti Infratel IPO: Why retail investors kept away

The issue has not seen much interest from retail investors. Reuters

Even high net worth individuals did not evince much interest. Their subscription stood at just 29 percent, the report said.

Qualified institutional buyers’ subscription at 2.84 times was the only saving grace.

But what is holding back the retail investors?

The report quotes market experts as saying that the debacle of 2008 Reliance Power IPO was still fresh in the public memory. They are afraid that

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