New Delhi, Dec. 10 -- Devina Mehra, founder of First Global, revealed that while most retail investors might assume that a strong listing pop - when a newly listed stock trades far above its IPO price - is a sign that the company and by extension its investment bankers, have done an excellent job are in for a rude shock.

Mincing no words, Mehra, in a post on X on Wednesday, December 10, highlighted that a higher post-listing IPO price rather signals a "failure" on the part of the investment bankers in fetching the best price for the company.

The market veteran's comments come on the back of narrower listing gains for some of the IPOs that have recently listed on the Indian stock market.

Among the companies that have listed in the ongoi...