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BSE data showed that of the 73 mainboard companies that had IPOs in FY24, 26 are now trading below their offer price.

Stock market crash: These IPOs listed with premium in FY24 are trading below their issue price 

It is pouring heavily not only in North India, but at Dalal Street too. However, the latter is seeing a flurry of initial public offers (IPOs). After a busy fortnight that ended on July 7 with seven IPOs - IdeaForge Technology, Cyient DLM, PKH Ventures, Pentagon Rubber, Global Pet Industries, Tridhya Tech, and Synoptics Technologies -- four more IPOs will hit the Street this week, including one mainboard IPO of Utkarsh Small Finance Bank. That apart, India's largest securities' depository National Securities Depository Limited (NSDL) has filed its draft red herring prospectus (DRHP) with the S...

When it came to allotment, about 33 applications of the 191 received in the non-retail category were rejected. These 33 applications had bid for a large number of lots.

The momentum may sustain despite possible intermittent consolidation and correction in the coming week, with focus on the inflation print both in India and the US, while there will be some stock-specific actions as the corporate earnings season begins next week