
Yatra Online makes weak debut; lists at 10% discount
The negative listing of Yatra Online was due to its high P/E valuation, reliance on the airline ticketing business, and the competitive nature of the travel industry, said an analyst.
The negative listing of Yatra Online was due to its high P/E valuation, reliance on the airline ticketing business, and the competitive nature of the travel industry, said an analyst.
Signature Global (India) shares were listed at ₹444 apiece on the NSE, while Sai Silks shares opened at ₹231 per share.
IPO market continues to expand with 72 companies launching their issues so far this year, including 28 mainboards and 44 SMEs.
Post listing, EMS shares gained as much as 36.9% to hit a high of ₹288.8 on the NSE, while it touched a high of ₹288.70 on the BSE.
This is the first company in the Indian stock markets to make a T+2 listing- the second working day after the closing of the issue on September 15.
The share price of Jupiter Hospitals listed at ₹973 apiece on the NSE, a premium of 32.4% over the IPO price of ₹735.
Ratnaveer Precision raises ₹165 crore through public listing of shares on stock exchanges, while Rishabh Instruments garners ₹490 crore via IPO route.
The stellar listing of Vishnu Prakash was in line with Street expectations as its ₹308.88 crore IPO received an overwhelming response from investors.
Shares of Ashish Kacholia-backed Aeroflex Industries were listed at ₹197.40 on the BSE, a premium of 82.7% against the IPO price of ₹108 apiece.
Post listing, TVS Supply Chain Solutions shares gained as much as 5.9% to hit a high of ₹208.6 on the NSE, while it touched a high of ₹208.5 on the BSE.