What are listing gains in an IPO?
Listing gains in an initial public offering (IPO) refers to the difference between a company’s issue price and the opening price on the day of listing. For instance, on June 30, the shares of steel manufacturer Shyam Metalics listed at ₹380, a premium of 24% over their issue price of ₹306. Generally, an issue that has been heavily oversubscribed delivers strong listing gains. However, there is no guarantee that this may happen and it also depends on the overall market trend.
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