Ann: Way2VAT lists on ASX following over-subscribed IPO, page-42

You obviously have some issues.
This SP was not pumped, buyers obviously felt like this was undervalued and bought in what they think was right. If you want to see a pumped stock, have a look at KNI which went from 10M$ to 170M$ in few days with nothing to offer
Overall given the sheer large volume of sellers on listing, this has held quite well indeed and has likely built a base from where it can appreciate accordingly. Lot of news flow in the pipeline to come.
One big client addition and the SP will disappear in the horizon