Market shock: Rediff Money Tracks three IPOs Sinking from the Issue Price

In recent years, IPOs have become one of the most popular ways for companies to raise money and for investors to chase quick gains. In 2024 alone, more than 70 companies entered the stock market across major exchanges, many with huge hype and strong subscriptions. But not every IPO becomes a success story. Some stocks open well and then crash below their issue price within weeks or even days. This has raised serious concerns for retail investors who trust brand names and media buzz without deep research. Rediff Money, a well-known market tracking platform, recently highlighted three IPOs that have fallen sharply from their issue prices as of September 2024.