Investing in Initial Public Offerings (IPOs) and listed securities carries risk, including the risk of loss of principal.
IPO-specific risks: shares may list below the issue price; grey market premium (an unofficial, unregulated pre-listing indicator) can move sharply or reverse and is not a guarantee of listing gains; subscription figures reflect demand but not future price performance; new listings can be more volatile than established stocks with a longer trading history.
General market risk: the value of securities can go down as well as up due to economic, political, sector-specific or company-specific factors, and you may not get back the amount you invested.
Regulatory note (India): investors should rely on the official Red Herring Prospectus / Prospectus filed with SEBI and the relevant stock exchange for authoritative information about any IPO, and are encouraged to consult a SEBI-registered investment adviser.
International users: securities laws differ across the United States (SEC), United Kingdom (FCA), European Union, Singapore (MAS) and the Middle East (e.g. UAE SCA, Saudi CMA). This site does not offer securities for sale in any jurisdiction and nothing here should be construed as an offer or solicitation where such an offer or solicitation would be unlawful.