Waiting for your IPO to list? Here’s how opening price on stock markets is decided
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar explained the pre-open price discovery process, said grey market premium plays no part in the official listing price, and cautioned that leveraged HNI bids can make oversubscription look stronger than real demand.
More of Abhishek's views on mutual funds
The article explains how an IPO's opening price on listing day is set in the stock exchanges' pre-open session, where limit orders are matched to find the price at which the most shares can trade. It covers the limited role of grey market premium and subscription figures, why some issues list at a discount, and common mistakes by retail investors.
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Waiting for your IPO to list? Here’s how opening price on stock markets is decided