In contrast, SBI Funds Management’s IPO delivered a relatively modest listing gain of 6.2% in July. NSE, the largest IPO after Jio Platforms, listed in September with a gain of just 2%. Some IPOs even slipped below their issue prices. Fractal Analytics, which listed in February this year, saw a loss of around 6%, while LEAP India, which went public in August, declined about 9% on debut, data showed.
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