The share price of Lava has fallen from a high of Rs.225 in Oct-21 to Rs.120 as of 05.09.2022 in the unlisted market.
The price of Lava Mobile’s shares has gone down for a number of different reasons. The main reason for the drop is that the valuation of new companies’ initial public offerings (IPOs) has gone down. This is because the global market is struggling because of inflation, and investors don’t want to put money into companies that are valued too high.
When Lava filed for an IPO, the company was worth between Rs. 12,000 and Rs. 14,000 crores. With 52 Cr shares in circulation, the IPO was expected to cost between Rs. 230 and Rs. 270 per share. But now as selling started in the unlisted market, the Lava share price also affected.
The price of the company’s shares goes up and down depending on how many people want to buy them. There is a steady supply of Lava shares because investors who bought them at a lower price started taking profits as the IPO is delayed. The drop in share price is also due to the war between Russia and Ukraine, which is still going on.