Weak IPO listings raise concerns in Indian market
pre-market1 source ↓written by the desknot a recommendation
- with shares falling
- 5%
- below their issue
- 3%
Recent IPOs from Studds Accessories and Orkla India have disappointed, with shares falling 5% and 3% below their issue prices, respectively. Despite high subscription rates—Studds at over 70 times and Orkla at over 50 times—market sentiment is shifting. The grey market premium for Lenskart Solutions has dropped significantly, indicating a cooling investor appetite.
Not investment advice. For informational purposes only.