The stock slipped to a low of Rs 89 - down 20% from its high. It ended at Rs 91 - down 9% from its issue price of Rs 100.
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(Updated at 1131 hrs)
Liquor manufacturer Globus Spirits today got listed at Rs 110 on the Bombay Stock Exchange (BSE), with a premium of 10 per cent over its issue price.
Shares of Globus Spirits opened at Rs 110, up by 10 per cent, and then gained further momentum to touch a day's high of Rs 111.30 on the BSE.
On the National Stock Exchange, the shares opened up by one per cent at Rs 101. But, later climbed to Rs 111.70.
The company is engaged in the business of manufacturing, sales and marketing of Indian made foreign liquor, industrial alcohol and country liquor.
Globus Spirits plans to utilise the initial public offering proceedings for its expansion-modernisation projects.