Is the IPO price and listing price the same?

No, the IPO issue price and the listing price are two different prices.

The IPO price is the offering price at which shares are offered to the public in an IPO. The listing price is the opening price of the shares when they are listed on the stock exchange.

The listing price can be lower than, higher than, or equal to the cut-off/offer price, depending on the supply and demand for the shares on the day of listing.

If the demand for the shares is greater than the supply, the listing price is usually higher than the issue price and is referred to as a premium listing. However, if the demand for the shares is less than the supply, the stock market price is lower than the issue price and it is a discount listing.