Investors’ excitement around recent IPOs quickly turned into concern. BMW Ventures, Om Freight Forwarders, and Glottis Limited lost 35–40% of their value within days. Even with strong subscriptions, the stocks faced heavy selling on Dalal Street.
Om Freight Forwarders Limited debuted on October 8 at a 39% discount to its issue price of ₹135. It closed 36% lower. The ₹122 crore IPO was subscribed nearly four times, with retail investors taking more than twice their quota. Glottis Limited listed a day earlier at 35% below its issue price of ₹129 and ended deep in the red.
Glottis recovered briefly on day two, but selling pressure returned quickly. Its IPO was subscribed 2.05 times, while BMW Ventures opened 25% below ₹99 and dropped 40% since listing.
In the past 13 trading sessions, more than 20 companies listed. Yet, nearly two-thirds now trade below their issue prices. The trend highlights post-IPO losses and growing investor caution.
