Kalyan Jewellers, Suryoday SFB make tepid market debut, list at a discount

Shares of four companies listed this week have been below IPO price

Kalyan Jewellers and Suryoday Small Finance Bank ended sharply below the IPO price during their trading debut on Friday. Shares of four companies that have listed this week are now been below issue price, providing a reality check to the IPO frenzy seen this month.

Suryoday's stock opened with a 4 per cent discount to its issue price and ended the session at Rs 276, a discount of 9 per cent as compared to the issue price of Rs 305. Meanwhile, Kalyan Jewellers got listed at Rs 74, at a 14 per cent discount to its issue price and ended