# Retreating listing gains dampen retail appetite for IPOs 2026-08-08T16:07:54+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Retail participation in initial public offerings (IPOs) remains sluggish despite a surge in fund raising and the number of issues in July, as investors prioritise quality over quick listing gains. Data shows that of the 12 issues that hit the market last month, the retail portion of only five companies was oversubscribed in double digits, while six companies saw single-digit oversubscription. The ₹9,275-crore issue of Manipal Health Enterprises, the second biggest this year, was undersubscribed in the retail category, receiving bids for only 93% of the shares offered. Gaurav Bhandari, CEO of Monarch Networth Capital, said average listing gains have collapsed to 8% in the last fiscal year from 30% in FY25, with median gains at just 3%. Krishna Patwari of Wealth Wisdom India added that bankers price in future earnings, leaving no margin for buyers, and SEBI data indicates retail investors are becoming more selective. ## Coverage - thehindubusinessline.com Tags: IPO, listing gains, primary market, retail investors, SEBI Canonical: https://indianopinion.org/retail-ipo-interest-wanes-as-listing-day-gains-shrink-to-6/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/retail-ipo-interest-wanes-as-listing-day-gains-shrink-to-6/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.