Right from beginning people were saying that SP Apparels will be listed in T group. I thought they were joking. How did u guys knew this so long before?
As a measure to control price manipulation in IPO, SEBI has issues these guidelines . so any issue below 250 crores will be in T2T segment for first 10 trading sessions...
If you see Chittorgarh site S. P. Apparels IPO page, you will find the below mention massage.
S P Apparels IPO Listing Date   ›  Listing Date: Friday, August 12, 2016   ›  BSE Script Code: 540048   ›  NSE Symbol: SPAL   ›  Listing In: ''T'' Group of Securities   ›  ISIN: INE212I01016   ›  Issue Price: Rs. 268.00 Per Equity Share   ›  Face Value: Rs. 10.00 Per Equity Share
Looks like market is heading towards a huge correction . Once this is confirmed, one may go short and exit the weeker stocks in one''s portfolio. IPO listings also may be affected.