INDIA MARKET LENS
▼ NegativeIPO & Listings

Chasing IPO debut highs? All 10 listing multibaggers of last 2 years bleed negative returns

Indian markets moved lower in an ipo & listings development.

23 Sept 2026 · Economic Times Markets

Recent IPOs are turning into a headache for investors, as nearly all are now falling beneath their initial listing highs. For instance, Vibhor Steel Tubes and Mamata Machinery have seen drastic declines from their early performances. While a few stocks maintain values above their original prices, many investors find themselves grappling with losses due to inflated entry costs.

Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.

  • The immediate tone of coverage reads negative.