BSE SME Om Galaxy struggles to find its orbit, trades below IPO price
BSE is in focus in an ipo & listings development.
· Business Standard Mkts
Om Galaxy traded at Rs 88.05 on the BSE, a 2.17% discount to the issue price of Rs 90.
The analysis
BSE reported Rs 88.05 and Rs 90, with movement of 2.17% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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