Asian Granito trades at discount to issue price

Vitrified tiles manufacturer Asian Granito India was listed at Rs 100 on the National Stock Exchange (NSE) - a premium of 3% to the offer price of Rs 97 per share. The scrip touched a high of Rs 108 in early deals.

The scrip was trading at Rs 92 at 1130 hrs, and over 50 lakh shares had changed hands on the NSE.

The company had come out with an initial public offering of 70 lakh shares in a price band of Rs 85-102 per share. The issue was subscribed 4.51 times.