Investors have already been on the losing end. Investors who have invested at the time of IPO and others who bought the share from the secondary market, both their portfolios are in the red. IPO investors’ investments are down by over 70 per cent. The lot size for One97 Communication’s IPO was minimum six shares. In order to apply for one lot, investors paid Rs 12,900 at the higher price band of Rs 2,150. A retail individual investor can apply for up to 15 lots (90 shares or Rs 1,93,500). Assuming that the investor got 90 shares, the current value of his portfolio would stand at Rs 55,980. This means the investors has lost Rs 1,37,250 or 71 per cent of his capital.