Another market debutant disappoints; Anupam Rasayan slips below issue price

Half a dozen companies are to make their trading debut this month, but the market is already lukewarm

Some new listings are losing their luster after grabbing headlines. Shares of Anupam Rasayan India, a specialty chemicals firm, on Wednesday listed at a discount to its issue price. This despite its Rs 760-crore IPO witnessing 44 times more demand than the shares on offer.

Last week, shares of Easy Trip Planners too delivered muted gains even as its IPO saw 160 times subscription. On Wednesday, the shares of online ticket booking firm were available below their IPO price. Furthermore, several companies that have got listed over the past six months have seen their stock prices come off an average 20