HTMT Global, Decolight slip on post-listing

HTMT Global Solutions, an entity formed after the demerger of Hinduja TMT's ITeS and BPO business, got listed on the National Stock Exchange (NSE) at Rs 790, while Decolight Ceramics debuted on the bourses with a gain of 30 per cent to Rs 70.

Hinduja TMT had separated its technology services in March. However, immediately after listing, it slipped and ended with 27 per cent loss to Rs 583.15 at close.

Ceramic tiles manufacturer Decolight Ceramics opened at Rs 70, gaining 30 per cent against its issue price of Rs 54. The scrip failed to move ahead after its listing and lost 9.35 per cent to close at Rs 44.63.

Decolight Ceramics had come out with an issue of 80,45,000 shares. The proceeds of Rs 43.45 crore IPO will be used for expansion. It is doubling its vitrified tiles capacity from 6,000 sq mt per day to 12,000.

Shares of Netflier Finco, formed as part of the re-structuring of JK Industries, got listed at Rs 76.35 a share on the NSE. Touching an intra-day high of Rs 76.35, the scrip closed at Rs 55.65, losing 13.36 per cent. Nearly,1.5 million shares of Netflier Finco changed hands on the NSE.