Price of shares after an IPO closes

nordy

New Member
#1
I have an absolute newbie question regarding the price of shares after and ipo closes. For eg. if i am allotted shares at Rs 50/- during an ipo, once the ipo closes, will those share always go above Rs. 50/- or will they also go below Rs. 50/- If the go below Rs. 50/- i'm in loss right? Just how does this thing work? Can someone pls explain this?

Thank You,
 

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