Shriram Properties makes disappointing stock market debut. Check details

Shares of the company recovered marginally by 11 am as the price on the NSE and BSE went up to Rs 102. However, the shares of Shriram Properties were still down 13 per cent.

Shares of Shriram Properties made a disappointing debut on Dalal Street on Monday after its initial public offering (IPO) had received a decent response.

The realty company’s stock listed at Rs 90 on the National Stock Exchange (NSE) at a discount of 23.74 per cent in comparison to its issue price of Rs 118. On the Bombay Stock Exchange, the stock listed at Rs 94 or a discount of 20 per cent.