The shares of Kaytex Fabrics made a weak market debut on August 5, listing at Rs 144 apiece on the NSE Emerge platform. This marks a discount of 20 percent over the SME IPO price of Rs 180 apiece.
The listing price significantly missed grey market estimates. Ahead of listing, the unlisted shares of the company were trading with a grey market premium of more than 8 percent over the IPO price at Rs 195 apiece.
The maiden public issue of the Punjab-based fast-fashion fabric solutions provider had seen strong investor interest during its three days of public bidding, being subscribed 39.95 times subscription on July 31, the final day of bidding.
The shares of Kaytex Fabrics made a weak market debut on August 5, listing at Rs 144 apiece on the NSE Emerge platform. This marks a discount of 20 percent over the SME IPO price of Rs 180 apiece.
The listing price significantly missed grey market estimates. Ahead of listing, the unlisted shares of the company were trading with a grey market premium of more than 8 percent over the IPO price at Rs 195 apiece.
The maiden public issue of the Punjab-based fast-fashion fabric solutions provider had seen strong investor interest during its three days of public bidding, being subscribed 39.95 times subscription on July 31, the final day of bidding.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
