Gopal Snacks IPO makes weak debut, shares list at 12.5% discount
Post listing, Gopal Snacks shares fell as much as 14.7% to touch a low of ₹341.8 on the NSE, while the market capitalisation declined to ₹4,750 crore.
Post listing, Gopal Snacks shares fell as much as 14.7% to touch a low of ₹341.8 on the NSE, while the market capitalisation declined to ₹4,750 crore.
The share price of JG Chemicals, India’s largest zinc oxide manufacturer, listed at ₹209 on the NSE, down 5.4% against IPO price of ₹221 apiece.
Shares of R K Swamy listed at ₹250 apiece on the NSE, down 13.2% over IPO price; Bharat Highways InvIT debuted at ₹101.1 against the issue price of ₹100.
The BSE and NSE saw a positive trajectory in 2023, led by finance.
Exicom Tele-Systems shares listed 87% higher at ₹265 on the NSE, while Platinum Industries stock debuted at ₹225, up 35% over IPO price.
Post listing, GPT Healthcare shares gained as much as 18.1% to ₹219.70 on the BSE, while it dropped to ₹200.20 levels.
Ahead of the IPO, Exicom Tele-Systems raised ₹178 crore from anchor investors, while Platinum Industries garnered ₹70.59 crore from anchor book.
Post listing, Vibhor Steel Tubes shares surged as much as 195% to hit a high of ₹446.25 on the NSE, while it touched a high of ₹442 on the BSE.
In the last four months, the m-cap of Tata Group increased by ₹5 lakh crore, driven by sustained rally in heavyweights such as TCS, Tata Motors, Tata Power, and Indian Hotels.
EPACK Durable shares made a weak debut and declined as much as 8.2% to hit a low of ₹211.2 against the IPO price of ₹230 apiece.