Getting an allotment in an SME IPO can feel like winning a lottery, so it’s wise to book profits on the listing day. In 2024, two-thirds of the 166 SME IPOs have yielded at least a 50% return, with 67 doubling investors’ money, often on Day 1. However, after the initial surge, many investors flipped shares, and about 72 of these IPOs are now trading below their listing day closing prices, with losses reaching up to 69%, according to Prime Database.
Nifty to consolidate between 25,850–26,300 in coming weeks: Rajesh Bhosale
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate