Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023
you are here: HomeNewsBusinessIPO

Indian Railway Finance Corporation debuts at Rs 25, a 4% discount to IPO price

The listing price was along expected lines given the weak equity market conditions, falling premium in the grey market and lower-than-expected subscription figures.

January 29, 2021 / 12:37 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Indian Railway Finance Corporation share debuted at a discount to its issue price on the BSE on January 29. The stock opened at Rs 25 on the exchange against the IPO price of Rs 26 per share.

On the National Stock Exchange, the stock listed with a 4 percent discount at Rs 24.90.

The listing price was on expected lines, given the weak equity market conditions, the falling premium in the grey market and lower-than-expected subscription figures.

The Sensex and Nifty50 have fallen more than 6 percent in the last five consecutive sessions following consistent FII outflow, a face-off between Indian and Chinese troops along the LAC in Sikkim and volatility in the run-up to the Union Budget to be presented on February 1.