Shares of Vishal Nirmiti made a weak debut on the stock exchanges on October 8, listing at a discount to the company's initial public offering (IPO) price.
The stock listed at Rs 215 per share on both the NSE and BSE, representing a discount of 2.27 percent to the issue price of Rs 220 per share.
Following the listing, Vishal Nirmiti's market capitalisation stood at around Rs 567.40 crore.
The company's stock made its market debut below the indication from the grey market ahead of listing. Vishal Nirmiti's IPO was commanding a muted grey market premium (GMP) of nearly 1 percent on the morning of October 8, according to InvestorGain.
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