{"id":43477,"date":"2025-08-04T15:13:25","date_gmt":"2025-08-04T15:13:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/43477\/"},"modified":"2025-08-04T15:13:25","modified_gmt":"2025-08-04T15:13:25","slug":"nine-stocks-whose-ipo-price-ended-up-far-lower-than-the-unlisted-market-rate","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/43477\/","title":{"rendered":"Nine stocks whose IPO price ended up far lower than the unlisted market rate"},"content":{"rendered":"<p class=\"jsx-90029e4fa91923fb schema-summary-target\">One Mobikwik Systems and Swiggy saw investors paying \u20b9850 and \u20b9500, respectively, in the unlisted market. Their IPO prices were far lower, at \u20b9279 for MobiKwik and \u20b9390 for Swiggy.<\/p>\n<p><img alt=\"Profile image\" title=\"No title\" loading=\"lazy\" width=\"47\" height=\"47\" decoding=\"async\" data-nimg=\"1\" class=\"auth-img\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/14851.jpg\"\/>By <a title=\"Meghna Sen\" href=\"https:\/\/www.cnbctv18.com\/author\/meghna-sen-14851\/\" target=\"_blank\" class=\"jsx-a1435aa47438a050\" rel=\"nofollow noopener\">Meghna Sen <\/a>\u00a0<a title=\"https:\/\/twitter.com\/senmeghna\" href=\"https:\/\/twitter.com\/senmeghna\" rel=\"noreferrer nofollow noopener\" target=\"_blank\" class=\"jsx-a1435aa47438a050 twitter-ref\">\u00a0<\/a>August 4, 2025, 12:10:19 PM IST (Published)<img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/stock-market-2024-12-9dd6f17ea1cdc3bb54a07b041449d0fa.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>1 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">Several investors have paid a huge premium for shares in the unlisted market, only to see IPO (initial public offering) prices come in substantially lower, exposing the high-risk nature of pre-IPO investing.<\/p>\n<p><img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/stock-market-2-2024-09-00c2311b5cce454ddf8315c8f3dded1a.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>2 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">NSDL&#8217;s shares changed hands for as much as \u20b91,250 in the unlisted market, but the IPO was priced at \u20b9800, which is a gap of 36%.<\/p>\n<p><img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/stock-market9-2024-07-bb1da493c334a6b10e6358b4363afc48.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>3 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">HDB Financial Services shows the largest monetary gap, unlisted shares went for \u20b91,525, but IPO pricing halved that. The stock listed at \u20b9835 on both NSE and on BSE, compared to its issue price of \u20b9740.<\/p>\n<p><img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/stock-market-2024-07-48c16fb77d9d51afba69a530f3e6c2ed.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>4 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">Shares of Waaree Energies were trading at \u20b92,950 in the unlisted market before the IPO. The issue was priced lower, at \u20b91,503. After listing, the stock hit a high of \u20b93,743 and is currently trading at \u20b93,117.<\/p>\n<p><img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/stocks-market-buy-sell-2024-07-77cb97343c99402db00f1a4ab73e41e9.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>5 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">Tata Technologies&#8217; IPO was priced at \u20b9500, while some investors had paid as much as \u20b91,100 earlier in the unlisted space. Though now at \u20b9688.55, it hasn&#8217;t fully recovered those early highs.<\/p>\n<p><img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/stock-market-2024-05-92e61b4bb8735c9cd8cd983795c2229d.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>6 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">Fintech startup One Mobikwik Systems and Swiggy saw investors paying \u20b9850 and \u20b9500, respectively, in the unlisted market. Their IPO prices were far lower, at \u20b9279 for MobiKwik and \u20b9390 for Swiggy.<\/p>\n<p><img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/ixigo1.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>7 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">Ixigo was bought for \u20b9150 in unlisted deals, but the IPO was priced at \u20b993. Sambhv Steel saw a 34% markdown from \u20b9125 to an IPO price of \u20b982.<\/p>\n<p><img alt=\"\" title=\"\" loading=\"lazy\" width=\"640\" height=\"360\" decoding=\"async\" data-nimg=\"1\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/img-2-2025-03-bad1130c96339c2d056519d15eab4f8a.jpg\"\/><img alt=\"Image count\" title=\"Image count\" id=\"\" loading=\"lazy\" width=\"24\" height=\"24\" decoding=\"async\" data-nimg=\"1\" class=\"uncommon\" style=\"color:transparent\" src=\"https:\/\/www.cnbctv18.com\/_next\/static\/media\/img.d7072e01.svg\"\/>8 \/ 8<\/p>\n<p class=\"jsx-90029e4fa91923fb\">It is important to note that grey market premiums are just an indicator of how the company&#8217;s shares are stacked up in the unlisted market and are subject to change rapidly.<\/p>\n<p>Continue Reading<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"One Mobikwik Systems and Swiggy saw investors paying \u20b9850 and \u20b9500, respectively, in the unlisted market. Their IPO&hellip;\n","protected":false},"author":2,"featured_media":43478,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,24949,24952,24948,24945,24950,467,16744,24946,24953,24954,56,54,55,24947,24951],"class_list":{"0":"post-43477","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-grey-market-premium","10":"tag-hdb-financial-ipo","11":"tag-ipo-price-gap","12":"tag-ipo-shares","13":"tag-ipo-vs-unlisted-price","14":"tag-markets","15":"tag-nsdl-ipo","16":"tag-pre-ipo-shares","17":"tag-swiggy-ipo-2025","18":"tag-tata-technologies-ipo","19":"tag-uk","20":"tag-united-kingdom","21":"tag-unitedkingdom","22":"tag-unlisted-market","23":"tag-waaree-energies-ipo"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/43477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=43477"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/43477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/43478"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=43477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=43477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=43477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}