Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

What if several IPOs managed by a merchant banker list at a discount?

It indicates aggressive or incorrect pricing and weak market timing. One or two poor listings are normal; however, consistent underperformance is a red flag.