Vishal Kampani, Vice Chairman and Managing Director of JM Financial, has advised retail investors to be patient when it comes to newly listed companies, warning that early enthusiasm in the secondary market often ignores the large supply of shares that eventually hits the market.

Speaking to CNBC-TV18 on the sidelines of the JM Financial India Xchange 2025 conference, Kampani said investors should resist the urge to buy shares on listing day. “Please give it time. Don’t rush in on day one to buy new listings. Just hold off,” he said. He added that retail investors are “far better off investing with some of the marquee mutual funds” rather than trying to chase early listing gains.

Kampani pointed out that many stocks rally sharply after listing because the anchor supply is locked in, crea

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