Sell orders below IPO price on listing day – IPOs – Trading Q&A by Zerodha

Hello all,

I’m new to the this discussion board.

Can somebody please clarify why are sellers making an attempt to promote at method beneath the IPO worth on the itemizing day ?

It doesn’t appear to be traders who held the shares earlier than IPO; for instance within the case of IRFC on the government held the shares.

Please discover screenshots on itemizing day for CLEAN (at present) and IRFC:

Thanks
Arun