Uniparts India makes a tepid Street debut
The ₹836-crore public issue was sold in the price band of ₹548-577 per share between November 30 and December 2. It was subscribed 25.3 times.
By ET Bureau | Updated:
BCCL
Mumbai: Shares of Uniparts India made a lacklustre debut on the bourses Monday, listing at ₹575 against its issue price of ₹577 per share. However, the stock ended at ₹539.55, 6.5% below its offer price.
The ₹836-crore public issue was sold in the price band of ₹548-577 per share between November 30 and December 2. It was subscribed 25.3 times.
"Market sentiment is not supportive at the current juncture. Investors may book their positions and wait for lower levels for entry along with positive market sentiments," said Ravi Singh, head of research, Share India.
The Sensex ended over 51 points lower at 62,130 on Monday; while the broader Nifty closed at 18,497, higher by 0.55 points.
The ₹836-crore public issue was sold in the price band of ₹548-577 per share between November 30 and December 2. It was subscribed 25.3 times.
"Market sentiment is not supportive at the current juncture. Investors may book their positions and wait for lower levels for entry along with positive market sentiments," said Ravi Singh, head of research, Share India.
The Sensex ended over 51 points lower at 62,130 on Monday; while the broader Nifty closed at 18,497, higher by 0.55 points.
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