New Delhi, Oct. 1 -- Of the four companies that made their debut on the mainboard on Tuesday, three closed below their issue price. Could this be an early signal of similar sentiment for upcoming listings in the near term?

On debut, Solarworld Energy Solutions, Jaro Institute of Technology Management and Research, and Seshaasai Technologies wrapped up the day at 7.9%, 16.3% and 2.7% below their issue price, respectively, as the chart shows. The lone exception was Anand Rathi Share and Stock Brokers, which bucked the trend to close 7.6% higher than its issue price, National Stock Exchange (NSE) data showed.

Some investment bankers noted that when markets witness a string of weak listings, it inevitably gives both investors and companies ...