Shalby makes weak debut, lists below issue price

On the BSE, the stock listed at Rs 237, a 4.4% below its issue price of Rs 248 per share.

Shalby, a multi-specialty hospital chain, has made a weak debut on the bourses by listing at Rs 237, a 4.4% below its issue price of Rs 248 per share on the BSE. On the National Stock Exchange (NSE), it opened 3% lower at Rs 240 in otherwise strong market.

At 10:03 AM; the stock was trading above its issue price at Rs 252, recovering 6% from its early morning low. It hit high of Rs 254 on the BSE so far. A combined 1.85 million shares changed hands on the counter on the BSE and NSE. The S&P BSE