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Price discovery, liquidity aur lock-in — teenon yahan alag hote hain
Published by The Retail Trader · AUG 02, 2026 · AIF, PE & Alternates
Listing se pehle shares kharidna aakarshak lagta hai kyunki wo "pehle" milne ka mauka lagta hai. Us market mein teen buniyadi cheezein listed market se bilkul alag hoti hain.
Pehla, price ek negotiated number hai, discovered nahi. Do dealers do bilkul alag bhaav de sakte hain aur dono verify nahi ho sakte.
Doosra, liquidity nahi hai. Bechne ke liye buyer dhoondhna padta hai, aur wo aapke chunne ke waqt par nahi milta.
Teesra, information kam hoti hai. Quarterly disclosures, analyst coverage aur exchange filings — teenon ka level listed company jaisa nahi hota.
Listing hone par bhi turant exit nahi milti:
• Pre IPO shareholders par aksar lock-in lagta hai.
• Listing price aapke entry price se neeche bhi ho sakta hai.
• IPO ka aana hi guarantee nahi hai — wo saalon tak taal sakta hai.
• Transfer process aur documentation ka apna time aur risk hai.
"Ye IPO aane wala hai" ek sales line hai, timeline nahi. Is segment mein position utni hi honi chahiye jise aap kai saal tak bhool sakte ho, aur jiska poora nuksaan aapke plan ko na tode.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.