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Majority of post-budget listings trade below issue prices
Over half of stocks listed since last Budget trade below issue prices, reflecting valuation corrections, weak sentiment and heightened scrutiny of IPO pricing strategies.
More than 360 stocks have listed on Dalal Street since the previous Union Budget, with nearly 57 % currently trading below their issue prices. Data shows muted post-listing performance across sectors amid volatile market conditions. Weak secondary market sentiment, earnings pressure, and aggressive IPO pricing contributed to underperformance. Investors remain cautious as the valuation reset continues, among midcap and SME listings launched during bullish cycles.