Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE

Divgi TorqTransfer Systems (DTS) made a muted debut on the bourses on Tuesday. The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share. However, on the BSE, the stock of the auto components & equipments maker opened at Rs 600, up 2 per cent against its issue price.

Post listing, the stock fell to Rs 561.15, down 5 per cent over its issue price on the NSE. At 10:15 am; it was quoting at Rs 570 on the NSE and BSE. It