Afcons Infra IPO: Shapoorji Pallonji Group’s stock list at 8% discount
The share price of Afcons Infrastructure listed at ₹426 on the NSE, down 8% against the IPO price of ₹463 apiece.
The share price of Afcons Infrastructure listed at ₹426 on the NSE, down 8% against the IPO price of ₹463 apiece.
The share price of Elcid Investments, which had been frozen at ₹3.53 apiece since June 21, 2024, touched a high of ₹2,36,250 after relisting on Oct 29.
Post listing, Waaree Energies shares gained as much as 74.6% to ₹2,624.40 on the NSE; the stock price of Deepak Builders declined 15.7% to hit a low of ₹171.
Picking quality stock at a reasonable price will be critical to achieve good returns over the coming year, say analysts.
The listing of the Indian subsidiary of the South Korean automaker was lower than Street expectations as the stock was commanding GMP of ₹48 in the grey market.
Undermining weak cues from the broader market, KRN Heat Exchanger shares listed at ₹480 apiece on the NSE against the issue price of ₹220.
Post listing, shares of Kross gained 10.7% to ₹265.65, while Tolins Tyres hit 5% upper circuit limit of ₹238.30 on the BSE.
The share of Bajaj Housing Finance debuted at ₹150 on the BSE and NSE against the IPO price of ₹70 per share.
Baazar Style Retail staged a comeback after a flat listing, gaining as much as 21% to ₹431.15 on the NSE.
The listing of ECOS India was below the market expectations as the stock was commanding a GMP of ₹126 per share, or 37.7%, over the IPO price.