Market draft pops IPO balloon, nearly 15 mainboard listings lose air

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A mix of disappointing debuts and a sharp decline in market sentiment has contributed to the drop.

Of the 25 firms that listed on the mainboard since September, 15 are now trading below their issue price, with 10 of them down by 10 per cent or more.

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Category: BusinessFinance

Markets: India

Topics: Nifty Stock markets Sensex Indian markets Initial public offerings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 22:31:48 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 110 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23800958

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Official Website: business-standard.com

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Coverage Areas: India

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