The IPO market turned cautious as several recently listed companies continued to trade below their issue prices, signalling weak post-listing sentiment and selective investor appetite.
Orkla India posted the sharpest decline among the tracked counters, with its current market price at ₹647.45, down ₹82.55 from the issue price of ₹730—reflecting an 11.31% loss. Despite a marginally stable listing day, the stock has since slipped steadily.
Studds Accessories also remained under pressure, trading at ₹545.85, registering a 6.69% drop from its issue price of ₹585. The stock opened in the red on listing day and has not recovered since, highlighting subdued demand in consumer discretionary plays.
Fujiyama Power Systems reported a 4.39% fall from its issue price, currently quoting at ₹218, compared to the IPO price of ₹228. The stock had a weak debut, closing 8.58% lower on listing day, and continues to face selling pressure.
In the FMCG segment, Shreeji Global FMCG traded at ₹116, down ₹9 from its issue price of ₹125—marking a 7.20% decline. After a soft listing (-18.64% on debut), the stock has struggled to regain momentum.
Among the few exceptions, Emmvee Photovoltaic Power remains relatively stable. Though it opened positively on listing day (+1.11%), the stock now trades slightly lower at ₹214.99, registering a marginal 0.93% dip from the ₹217 issue price.
Overall, the data reflects a broad trend of post-listing weakness, with most recent IPOs failing to sustain their issue-price valuations. Market experts attribute this to a combination of premium valuations, cautious liquidity, and shifting investor sentiment ahead of year-end volatility.
