Newly-listed shares see profit booking a day after market debut; Kalpataru, Globe Civil, Ellenbarrie fall up to 5%

Newly listed stocks: Kalpataru, Globe Civil Projects and Ellenbarrie Industrial Gases

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

The shares of newly listed stocks recorded notable losses on July 2, a day after they debuted on stock markets. This comes as investors may have resorted to profit booking at elevated levels.

After their respective market debut, the shares of Kalpataru, Globe Civil Projects and Ellenbarrie Industrial Gases had closed significantly higher in the green on July 1. The stocks have now pared strong gains to trade in the red on July 2.

Kalpataru share price:

Kalpataru shares had listed flat at the IPO price of Rs 414 apiece on July 1. The shares later jumped 4 percent to close at Rs 432 apiece on their debut day. However, the shares of the Mumbai-based real estate developer tumbled 3 percent on July 2 to trade at Rs 418.30 apiece, erasing significant gains recorded the previous day.

Kalpataru shares are still higher than their IPO price, which was also their listing price. The stock is currently over 1 percent higher than its issue price.

Ellenbarrie Industrial Gases share price:

Ellenbarrie Industrial Gases shares had made a strong market debut on July 1, listing at Rs 486 apiece on NSE. This marked a premium of 21.5 percent over the issue price of Rs 400 apiece. After the debut, the shares of the company jumped 10 percent to remain locked in the upper circuit at Rs 541.20 apiece.

However, shares of the Kolkata-based company have dropped over 4 percent on July 2, trading at Rs 511 apiece in the morning. The newly listed stock is still nearly 28 percent higher than its IPO price.

Globe Civil Projects share price:

Globe Civil Projects shares had listed with 27 percent premium to IPO price at Rs 90 per share on July 1. The stock then rallied further to close at Rs 94.5 percent by the end of its debut day.

However, the shares of Globe Civil Projects tumbled over 5 percent on July 2 to remain locked in the lower circuit Rs 89.73 apiece, erasing all gains recorded in the previous day and falling below their listing price. The stock is still over 26 percent higher than its issue price of Rs 71 per share.

Also read: Our LIVE blog on stock market updates