Uniparts India makes weak debut; sheds 7% against issue price post listing

Post listing, the stock of industrial products company slipped to Rs 538, a 7 per cent discount to its issue price on the NSE.

Uniparts India has made a weak stock market debut, with its shares listed at Rs 575, marginally below the issue price of Rs 577 per share on the National Stock Exchange (NSE) and the BSE.

Post listing, the stock of industrial products company plunged to Rs 538, a 7 per cent discount to its issue price on the NSE. At 10:10 AM; ; Uniparts India quoted at Rs 552, still 4 per cent lower against its issue price. In comparison, the benchmark indices were down marginally by 0.7 per cent. A combined 3.8 million shares changed hands on the