This study endeavours to examine the weather retail investors’ wealth is destroyed or created by subscribing to a public issue and then staying invested for 7 long years, given that underprice exists.  The long run performance of the main stream public issue in the year 2010 was studied using CAGR and wealth relative model. If was found that the average initial return (listing day return) was 32.26% and average 84 months CAGR being -3.2%  stating that an investors wealth is destroyed if he/she would have stayed invested for 7 long years rather than choosing to exit and create wealth on listing day. Using wealth relative as a measure of performance, 58.33 per cent companies reported positive wealth relative, greater than one indicating the superior performance over market.