Emerging? 9 of 15 Indian cos Listed In 2011 Trading Below Issue Price

We spotted this today:

"The majority of the companies that made their debut on the bourses in the year 2011 are trading well below their issue price, resulting in significant negative returns for investors.

Out of the 15 companies that hit the secondary market in 2011, nine entities -- including PTC India Financial Services and Future Ventures India -- are attracting negative returns in the range of 16-75 per cent, according to data available with the Bombay Stock Exchange and the National Stock Exchange. "

Statistics Source: Economic Times