October has been one of the toughest months for investors in the unlisted shares market. A string of dull IPO listings has hit investor sentiment hard, pulling down the prices of top companies like OYO, Groww, NSE, HDFC Securities, and others. Some of these marquee unlisted shares have fallen as much as 48% in just two weeks making investors rethink valuations and expectations from the upcoming IPO season.
October Turns Rough for Unlisted Share Investors
The once-buzzing unlisted market has witnessed a sharp correction as IPO-bound companies struggle with weak listings. The drop has been widespread, affecting both popular names and mid-sized firms.
This downturn shows how the unlisted shares market remains sensitive to broader IPO performance when public issues underperform, the sentiment quickly spills over to the unlisted space.
Major Unlisted Shares See Sharp Corrections
Among the hardest hit was OYO Unlisted Shares, which saw a steep decline of nearly 48%. Similarly, Groww Unlisted Shares and NSE Unlisted Shares have dropped between 5–7%, indicating growing investor caution.
Other names like BigBasket Unlisted Shares, HDFC Ergo Life Insurance Unlisted Shares, Hero Motors Unlisted Shares, and Zepto Unlisted Shares have remained relatively stable, reflecting selective interest in companies with consistent performance and stronger fundamentals.
These movements show that investor confidence in the unlisted share market is now shifting toward quality rather than hype.
Weak IPO Debuts Trigger Market-Wide Caution
October’s disappointing IPOs have directly impacted the sentiment in the unlisted space. The month began with Tata Capital’s IPO, which listed at just a 1.3% premium over its issue price of ₹326 — far lower than expectations, given its unlisted shares were previously trading around ₹785.
Similarly, WeWork India’s IPO fell 6% below its issue price of ₹648, despite pre-listing optimism. Other listings like Om Freight Forwarders, Glottis, BMW Ventures, and Gurunanak Agriculture India opened at sharp discounts of 24–37%, sending shockwaves across the unlisted market.
Even though a few companies like LG Electronics offered short-term gains of up to 50%, the overall sentiment stayed weak, with investors booking profits early.
Analysts Cite Overvaluation as the Main Reason
Experts believe the biggest reason behind the October slump is overvaluation in the unlisted space.
According to Prashanth Tapse, Senior Vice President (Research) at Mehta Equities:
“The subdued performance in the unlisted market stems from an overstretched valuation gap between listed and unlisted peers. Several companies have priced their IPOs significantly below their unlisted market levels, leading to a sentiment reset.”
When IPOs are launched at lower valuations than what investors paid in the unlisted market, it sends a signal — the market is no longer willing to pay inflated premiums.
What It Means for Unlisted Share Investors
For investors holding OYO Unlisted Shares, Groww Unlisted Shares, NSE Unlisted Shares, or HDFC Securities Unlisted Shares, this correction serves as a reminder of the risks that come with pre-IPO investments.
The unlisted market thrives on anticipation, but when fundamentals don’t match the hype, prices eventually correct. While short-term pain is visible, this reset may bring valuations back to realistic levels paving the way for stability in the long term.
Conclusion The Road Ahead for Unlisted Shares
The recent correction in unlisted shares is not entirely negative. It highlights the need for valuation discipline and reminds investors that hype-driven pricing doesn’t sustain. As the IPO pipeline stabilizes, investor confidence is expected to gradually return.
To stay updated with price movements, expert insights, and the latest market trends, explore more on Delisted Stocks your source for real-time updates on India’s evolving unlisted space.
Disclaimer
The information provided in this article is for educational and informational purposes only. It does not constitute financial advice, investment guidance, or a recommendation to buy or sell any securities. Readers should conduct their own research or consult financial experts before making investment decisions.
