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Spandana Sphoorty sees tepid debut, lists at 4% discount to issue price

The company's Rs 1,200 crore initial public offering (IPO), which was opened for subscription between August 5 and 7, was subscribed 1.05 times.

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2 min read Last Updated : Aug 19 2019 | 4:22 PM IST

Shares of microfinance lender Spandana Sphoorty Financial made a weak debut at the bourses on Monday. The stock got listed at Rs 825 apiece on the NSE, a discount of 3.62 per cent to the issue price of Rs 856. On BSE, the scrip got listed at Rs 824 apiece and ended the day at Rs 848.4 levels.

The company's Rs 1,200 crore initial public offering (IPO), which was opened for subscription between August 5 and 7, was subscribed 1.05 times. The category reserved for qualified institutional buyers (QIBs) was subscribed 3.10 times while non institutional investors' quota was subscribed

Topics : stock market listing

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