IPO Valuation vs. Listing-Day Reality: Lessons from India’s 2026 Startup Listings An IPO subscribed 30 times can list below its issue price. One subscribed almost 100 times can open way up. Both happened this year. Amagi’s issue was subscribed 30.24 times and still opened 11.9% below its issue price on the NSE. Shiprocket was subscribed [...]