10 stocks listed in 2024 trade below their issue prices; will they suffer more? Here's what experts say

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Also Read: IPO Boom: 57% of SME issues saw over 100% subscription in 2024, HOAC Foods leads pack; check top performersAnalysts believe that the rise in IPO activity has been driven by the strong economic development, rising Indian stocks, and consistently exceeding expectations of company earnings, which encourages more companies to go public. The IPO market has benefited greatly as a consequence, and new –age companies like Tata Capital, Hexaware, Ola Electric, and Swiggy are lining up for their 2024–2025 public market debuts.“The primary market witnessed 30 mainboard IPOs till May this year.

These 30 companies raised around ₹30,000 crore. In 2024, Bharti Hexacom ( ₹4275 Cr), Aadhar Housing Finance ( ₹3000 Cr) and Go Digit General Insurance ( ₹2615 Cr) were among the large-sized IPOs so far during the first half of 2024.

Amidst general elections, the primary market continues to remain vibrant, with a solid response to certain IPOs," added Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt Ltd.Also Read: Kronox Lab Sciences IPO: From financials to key risks, here are 10 key things to know from RHP before subscribingOf the 30 mainboard initial public offerings (IPOs) that made their debut in 2024, ten—Capital Small Finance Bank Ltd, Popular Vehicles and Services Ltd, EPack Durables Ltd, GPT Healthcare Ltd, Gopal Snacks Ltd, Entero Healthcare Solutions Ltd, SRM Contractors Ltd, R K Swamy Ltd, J G Chemicals Ltd, and Rashi Peripherals Ltd—have been trading below their issue price or IPO price.According to Dr. Ravi Singh, SVP, Retail Research, Religare Broking Ltd, despite market corrections driven by global economic uncertainty and election-related volatility, the fundamentals of these companies remain