India: Grey market premiums for IPOs missing despite strong pipeline

The volatility in the secondary markets has limited the upside for new listings on the day they debut on the bourses. Photo: Mint

The grey market is flat. Where once high net-worth individuals queued up to fork out a premium to buy shares in firms ahead of their listing, there is little interest.

The muted performance of the primary market, along with volatility in the secondary markets starting August, is the principal reason.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter