Some mutual fund schemes who subscribed to the shares of ICICI Securities in March and were allotted these shares, have dumped the stock at a loss, within three months of its listing. The IPO allotment to these funds was made at a price of Rs 520, while these funds exited the stock at a price between Rs 352 and Rs 421 in the month of May, booking a loss of anywhere between Rs 99 and Rs 168 per share says a report by mfcritic.blogspot.com.
Among the fund houses who have exited or transfe ..
