Elin Electronics makes weak debut; lists 2% below issue price

Post listing, the market price of Elin dipped to Rs 235.25, down 5 per cent when compared with its issue price of Rs 247 per share.

Elin Electronics (Elin) made a weak stock market debut, with its shares listed at Rs 243, a 2 per cent discount to its issue price of Rs 247 on the BSE on Friday in an otherwise firm market. The stock of household appliances company started trade at Rs 244 on the National Stock Exchange (NSE).

Post listing, the market price of Elin dipped to Rs 235.25, down 5 per cent against its issue price. It hit a high of Rs 245 in intra-day trade so far. At 10:20 AM; the stock was quoted at Rs 236.25, down 4 per