Shree Ram Twistex IPO listing: Shares of Shree Ram Twistex made a disappointing debut in the Indian stock market on Monday, March 2, as they listed at a massive 35% discount to the initial public offering (IPO) price of ₹104.
On the National Stock Exchange (NSE), Shree Ram Twistex share price listed at ₹68, down 34.62%, or ₹36, from the offer price. At the same time, on BSE, Shree Ram Twistex share price debuted at a 32.69% discount at ₹70.
The weak debut coincided with the Indian stock market crash following the US-Iran war and a spike in crude oil prices. The BSE Sensex lost as much as 2700 points at the open, while the Nifty 50 plunged to below 24,650 levels.
More to come…