The IPO had a fresh issue of up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore, aggregating up to Rs 475 crore.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DnI4bgk
It is not uncommon for newly listed companies to experience volatility in their stock price, particularly in the initial days or weeks following their initial public offering (IPO). There can be many reasons why a company's stock may decline post-listing, including:
Market conditions: The overall market conditions, including the performance of other stocks and the economic outlook, can influence the demand for a particular company's stock.
Earnings and revenue: The company's financial performance, including its earnings and revenue, can impact investor sentiment and the demand for its stock.
Competition: The company's competitive position in its industry and the strength of its competitors can also affect the demand for its stock.
Investor sentiment: The overall sentiment of investors towards the company and its prospects can also impact the demand for its stock.
It is important to keep in mind that the performance of individual stocks can be highly volatile and that past performance is not necessarily indicative of future results. It is always a good idea to diversify your investment portfolio and to consult with a financial professional for advice on managing risk.
