FabIndia is likely to submit the draft red herring prospectus for its IPO as soon as early next year. Its IPO will largely see investors selling their existing shares, said a report.

Arvind Sanger, Managing Partner of Geosphere Capital Management, said that the fear of inflation was real and that as volatility is likely to continue in the stock market, the strategy was to invest in "inflation proof" stocks.

Clean Science and Technology got recently listed, in July of 2021, and is up as much as 20 percent over the last 5 days and up 62 percent since the closing of its listing day.

Nykaa shares were swinging after the one-month lock-in period for shares allotted to anchor investors in the public issues that ended Wednesday. Nykaa had raised around Rs 2,400 crore by selling over 2 crore shares to 174 anchor investors before the issue opened. Its shares declined as much as 5 percent to Rs 2,028, but later recouped much of the losses.