
Rajputana Stainless Makes Muted Debut, Lists at 1% Premium to Issue Price
Rajputana Stainless IPO Listing Falls Short of Expectations
On Thursday, March 19, Rajputana Stainless made a muted listing in the Indian stock market. The company's share price listed at a 1% premium over the IPO price of ₹122.
Key Statistics:
- IPO price: ₹122
- Listing price: ₹123.95 (BSE), ₹122 (NSE)
- Gain for IPO allottees: 1%
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
The listing of Rajputana Stainless IPO came below market expectations, with a GMP (Grey Market Premium) of ₹3 indicating an estimated listing price of ₹125 ahead of the listing.
Investor Takeaway
Investors should be cautious of market expectations not being met in the IPO listing.
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