Capital Small Finance Bank's weak listing; debuts at 8% discount to IPO issue price
Written by: Planify
Published: 14 February 2024
Updated: 14 February 2024
1 min read
Capital Small Finance Bank made a weak debut on bourses, listing at an 8.1 percent discount to the IPO price on February 14. The stock opened at Rs 430 on the NSE and Rs 435 on the BSE, against the issue price of Rs 468
Ahead of the listing, the stock’s grey market premium (GMP) was wiped out after the shares were trading at an 8 percent premium when the offer opened on February 7. The grey market is an unofficial platform where stocks begin to trade well before the allotment in the IPO. It is normally tracked to get an idea of the listing price
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