In the short term, the demand-supply equation is determined by foreign investors (FIIs), retail investors, and fresh issuances of companies. Because of the correction in the market, issuances went down.
Tempsens Instrument IPO: GMP soars past 100%, signalling strong listing hopes
Tempsens Instruments IPO grey market premium has surged 100 percent. This marks the first IPO to cross this milestone in nearly two years. The IPO