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IPO market in a slump! After a strong FY24, only 3 mainboard IPOs list in April, 2 trade above issue price

The mainboard IPO market witnessed a slump in April due to market volatility, election season, and foreign investment outflows. Only 3 issues were listed, with 2 trading above their IPO prices. Overall, 25 mainboard IPOs have listed in 2024 YTD.

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