BusinessSeven of Eleven Mega IPOs Trade Below Issue Price Since 2021
Since 2021, seven out of eleven mega IPOs raising over ₹9,500 crore each are trading below their issue prices. These seven companies raised ₹1.05 trillion but are now valued 15.3% lower at ₹88,979 crore. Notable declines include Swingy down 35% and Paytm's parent One 97 Communication down 22%. Others like NTPC Green Energy and LIC also fell 10-17%. Tata Capital and Hyundai Motor India are exceptions, trading above issue price.
Business Standard·2h ago