Latest News | Shriram Properties Shares Tumble over 16 Pc in Debut Trade
Get latest articles and stories on Latest News at LatestLY. Shares of Shriram Properties Ltd on Monday listed with a discount of nearly 24 per cent against its issue price of Rs 118 and settled over 16 per cent lower.
New Delhi, Dec 20 (PTI) Shares of Shriram Properties Ltd on Monday listed with a discount of nearly 24 per cent against its issue price of Rs 118 and settled over 16 per cent lower.
The stock listed at Rs 94, a decline of 20.33 per cent from the issue price on the BSE. During the day, it tumbled 22.24 per cent to Rs 91.75. It settled at Rs 99.40, a discount of 15.76 per cent.
On the NSE, it made debut at Rs 90, a discount of 23.72 per cent. It settled at Rs 98.90, a delcine of 16.18 per cent.
In traded volume terms, 23.43 lakh shares were traded at the BSE and over 3 crore units at the NSE during the day.
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The company's market valuation remained at Rs 1,686.06 crore.
Shriram Properties' initial share sale got subscribed 4.60 times on the final day of the offering earlier this month.
The realty player's price band for the offer was Rs 113-118 per share.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)