Chemplast Sanmar sees tepid debut, lists at 3% discount against issue price

The stock listed at Rs 525, a 3 per cent discount against its issue price of Rs 541 on the BSE

Specialty chemical manufacturer, Chemplast Sanmar, made a tepid debut on the bourses on Tuesday with the company’s shares listing at Rs 525, a 3 per cent discount against its issue price of Rs 541 per share on the BSE. However, on the National Stock Exchange (NSE), the stock opened at Rs 550, a 2 per cent premium over its issue price, exchange data shows.

At 10:10 am, Chemplast Sanmar was trading at Rs 521.60, 4 per cent lower against its issue price on the BSE and NSE. The stock hit a low of Rs 510 in the intra-day trade