Landmarks Cars makes weak debut; stock lists 7% below issue price

Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45

Landmarks Cars made a weak stock market debut on Friday with its shares being listed at Rs 471 on the National Stock Exchange (NSE), a discount of 7 per cent below its issue price of Rs 506. The stock of the auto dealer opened at Rs 471.30 on the BSE.

Post listing, the stock slipped 12 per cent below its issue price to Rs 446.45. At the time of writing this report, it was trading at Rs 455.65, down 10 per cent against the offer price on the BSE. In comparison, the S&P BSE Sensex was down 0.84 per