IPO-bound firms slump as Oct listings disappoint

Several high-profile companies awaiting IPOs saw sharp declines in their unlisted share values this month. Oyo shares fell ~48% in two weeks, with Groww, NSE, HDFC Securities, and others dropping 7%–20% in response to disappointing listing performance and weakening investor sentiment. Analysts say overvaluation and lack of post-listing power are dampening primary market expectations. The trend is pushing IPO candidates to revise pricing or postpone launches amid caution.