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Recently
Post-budget listings struggle to sustain issue price levels
Many post-budget IPOs remain below issue prices as investors reassess valuations and earnings visibility.
A majority of stocks listed since the previous Budget continue to trade below their issue prices. Weak earnings visibility, aggressive valuations and volatile market conditions weighed on performance. Investors have become more selective, focusing on fundamentals over listing gains. The trend reflects a broader reset in IPO expectations amid tighter liquidity.