InvestorQ : How have IPOs performed overall in November month?
sarah Leo made post

How have IPOs performed overall in November month?

Rashi Mehra answered.
10 months ago

Actually not too great. For example, out of the 7 IPOs that closed and listed in November 4 of these IPOs are trading at a discount to the IPO issue price. It may be a small sample, but more than half of the IPOs are making losses. The losing stocks in the month are Paytm, Fino Payments Bank, SJS Enterprises and Sapphire Foods. On the other hand, the premium trading IPOs for November include Nykaa, Policybazaar and Sigachi Industries.

Of course, the worst performer of the lot was Paytm, which lost over 36% in just 2 days of listing. Even Fino Payments Bank has lost over 25% and has been consistently losing value for 5 days in succession. Sapphire Foods had a positive GMP but the onslaught of Paytm has also take Sapphire sharply lower.