Do you feel let down by the listing price of Reliance Power IPO?

Reliance Power IPO was big news from day one. It evinced huge interest from desperate investors wanting to cash in on the possible gains on listing.

There were several news stories in the media about the grey market premium the stock was attracting even before the issue opened for subscription. However, the listing price of the stock has left much to be desired. While it initially quoted above the offer price, it subsequently slid below it.

Do you think the IPO was over-hyped or is the weakness in the listing price only on account of poor overall sentiment in the market? Do you think the stock would recover and return big gains once market sentiment improves? What is your analysis of the situation?