September's IPO listings have largely rewarded investors, giving NSE bulls some comfort ahead of the exchange's market debut. But the sharp fall in NSE's grey market premium to around 2% shows the listing may still be more sober than spectacular.
According to Ace Equity data, out of 16 IPOs that have listed so far, only a small set has disappointed on listing day. Five issues listed below their issue price, while one listed flat. The rest delivered positive listing gains.
