ArisInfra Ends First Trading Session 22% Below IPO Price

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SUMMARY

The company’s shares ended today’s trading session at INR 174.10 on the BSE, down 21.6% from the issue price of INR 222

ArisInfra was trading at a flat grey market premium (GMP) leading up to its listing, typically implies weak or neutral investor appetite and confidence in the stock’s immediate post-listing performance

The B2B construction company saw a weak investor sentiment on its listing day despite the rally in the broader market

After listing at a discount to…



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ArisInfra Ends First Trading Session 22% Below IPO Price


SUMMARY

The company’s shares ended today’s trading session at INR 174.10 on the BSE, down 21.6% from the issue price of INR 222

ArisInfra was trading at a flat grey market premium (GMP) leading up to its listing, typically implies weak or neutral investor appetite and confidence in the stock’s immediate post-listing performance

The B2B construction company saw a weak investor sentiment on its listing day despite the rally in the broader market

After listing at a discount to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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