Why are many IPOs gaining post-listing? Zerodha's Nithin Kamath explains technical factors behind rising shares

Zerodha CEO Nithin Kamath has observed that many initial public offerings (IPOs) in the Indian stock market have been experiencing gains shortly after their listing. He attributes these post-IPO rallies not only to demand and supply dynamics but also to technical factors, particularly the phenomenon of 'short delivery,' where traders short-sell stocks expecting a decline, but end up driving prices up instead.