Shri Kanha Stainless IPO listing: Shares of Shri Kanha Stainless made a weak debut on the NSE SME on Wednesday, December 10, in an otherwise positive market. Shri Kanha Stainless shares opened at ₹88, down 2.2% from its issue price of ₹90. The SME stock fell further to hit its 5% lower circuit of ₹83.60.
The listing of Shri Kanha Stainless failed to meet market expectations, as the grey market premium (GMP) of the stock indicated it could list at par with the issue price. The last GMP of Shri Kanha Stainless shares was nil.
(This is a developing story. Please check back for fresh updates.)
