Rainbow Children's Medicare lists at 7% discount to issue price

The stock listed at Rs 506, a 7% discount when compared with its issue price of Rs 542 per share on the BSE.

Rainbow Children's Medicare (RCML), a multi-speciality pediatric hospital chain, made a weak stock market debut with its shares listed at Rs 506, a 7 per cent discount when compared to its issue price of Rs 542 per share on the BSE on Tuesday.

At 10:04 am, the stock traded at Rs 492.30, down 9 per cent against its issue price. The stock so far hit a high of Rs 519.35 and a low of Rs 482 on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was down 0.04 per cent at 54,449.

"The muted listing