CL Educate makes poor debut; ends 17% below its IPO price

The stock listed at Rs 398 on the BSE, a 21% below its initial public offer price of Rs 502.

CL Educate made a tepid debut on the bourses by
listing at Rs 398 on the BSE, 21% below its initial public offer (IPO) price of Rs 502. CLICK HERE FOR DETAILS

The stock settled at Rs 418, down 18% on the BSE.

On the National Stock Exchange (NSE), the stock ended at Rs 422 after opening at Rs 402, down 20% against the issue price.

The IPO of CL Educate was subscribed by 1.9 times. It received bids for 6.33 million shares compared to 3.32 million shares on offer. The company has fixed issue