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After Easy Trip Planners poor show, Anupam Rasayan IPO disappoints on debut

Poor showing by Anupam Rasayan and Easy Trip hurts grey market premia of those in queue

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Earlier, some players were willing to pay a 90-100 per cent premium for gaming company Nazara Technologies in the grey market. Here, too, the premium has slipped below 60 per cent

Samie Modak Mumbai

3 min read Last Updated : Mar 25 2021 | 3:16 AM IST

The euphoria around new listings seems to be fading amid a spike in volatility in the secondary market.

On Wednesday, shares of Anupam Rasayan India, a specialty chemicals firm, were 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. Shares of the online ticket booking firm on Wednesday were available below their IPO price.

Furthermore, several companies that have got listed over the past six months

Topics : Easy Trip Planners Limited initial public offerings IPOs stock market

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