Backtesting listing gains in Indian IPOs: Do pre-listing buyers win on day one?

The big question in Indian IPO chatter: do pre-listing buyers actually win on day one? Posts flag a mix of backtesting ideas, exit strategies, and high-profile debuts that keep investors debating listing-day behavior ^[1].

Backtesting idea — A recurring theme is whether subscribing to an IPO and selling on listing day works in practice. The question isn’t settled, but the discussion spotlights how timing and volatility influence gains (or losses) around listing ^[1].

IPO exit trends — Another thread points to startups pursuing IPO routes as exits for investors, driven by liquidity pressure and the hunt for realized returns, not just growth stories ^[2]. This framing underscores how listing events can become strategic liquidity moments for funds and founders alike ^[2].

Debuts to watch — Two IPOs dominate the current chatter: • Groww — Set to debut on November 4 with a ₹6,632 crore IPO, valued at about $7 billion, making it a focal point for listing-day debate ^[3]. • Lenskart — Planning to list soon, with discussions noting that the IPO is already oversubscribed and that tomorrow could be the last day to invest, heightening pre-listing interest ^[4].

Closing thought: while debates on listing-day gains swirl, the practical takeaway is to weigh risk, liquidity needs, and diversification before chasing IPO exposure around listing day.

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