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What is bumper listing in IPO?

"Bumper listing" in an IPO refers to the event where a company's shares are listed on the stock exchange at a significantly higher price than the issue price, resulting in high listing gains to the investors. Bumper listings typically occur in highly oversubscribed IPOs backed by strong company fundamentals, supported by bullish market conditions, and enjoying a positive brand reputation.

For example, if the IPO price was ₹100 and the stock lists at ₹170, it's considered a bumper listing with a premium of ₹70 per share.