NSE listing performance highlights struggles of India's recent big IPOs
NSE left its position unchanged in an ipo & listings development.
25 Sept 2026 · Economic Times Markets
The National Stock Exchange saw a solid 2% rise on its debut day following its IPO. In recent months, several major IPOs in India have struggled after their launch, with Hyundai Motor India and LIC experiencing steep losses on their first day. Conversely, LG Electronics India enjoyed a strong debut, while ICICI Prudential Asset Management held above its initial offer price.
The analysis
NSE reported movement of 2%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.5% on the day at ₹1,349.40, and has returned -4.7% over three months. It sits 8% below its 52-week high. The banks sector has moved -4.0% over the same period, so ICICI Bank is running 0.7 points behind its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks.
- The immediate tone of coverage reads negative.
In this story
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