Except for few IPOs like NYKAA, Latent View, Go Colors most of the IPOs have reached their issue price or traded below issue price, irrespective of subscription rate.
GLS, Tarsons Products which were subscribed 44x and 77x times are trading below the issue price.
IMHO, for a long time investors, it hardly make any difference to apply for IPOs. We can buy at cheaper price after few days of listing.
For instance, I bought 50 Sapphire Foods @ 990.
Experts please share your thoughts from long term investment perspective.