Anupam Rasayan IPO Listing: No gain for investors, shares open at 6.3 pct discount
Anupam Rasayan IPO Listing: Much to investors disappointment, Anupam Rasayan Initial Public Offer (IPO) listing gain did not happen at all.
Anupam Rasayan IPO Listing: Much to investors' disappointment, Anupam Rasayan Initial Public Offer (IPO) listing gain did not happen at all. Shares listed at Rs 520, which is much lower than its issue price of Rs 555. Anupam Rasayan share price is currently trading at Rs 517.95 (at 10:55 AM on 24th March), which is even lower than its listing price.
The Super Speciality Chemical company Anupam Rasayan's share price opened with a 6.3 per cent discount at NSE. The stock listed at Rs 520 against the issue price of Rs 555 per share.
WATCH | Zee Business Live TV streaming below:
The opening price on the BSE stood at Rs 534.70, registering a 3.6 percent loss. Analysts who talked to Moneycontrol had expected the stock to debut with a 10-20 percent premium.
Anupam Rasayan India has garnered Rs 760 crore through its public issue which had seen a subscription of 44.06 times during March 12-16, 2021.
Zee Business Managing Editor Anil Singhvi had predicted in morning that the Super Speciality Chemical company will have an average listing as the bidders who believe in listing gains only have taken over the IPO market and hence robust oversubscription is not the guarantee of an IPO's success.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.