Five Star Business Finance makes a weak debut, lists at 5% discount on BSE

Shares of Five Star Business Finance opened at Rs 468.8 on the NSE and at Rs 449.95 on the BSE.

Five Star Business Finance Ltd (FSBF) made a muted debut as shares got listed below its issue price of Rs 474 per share on the bourses. On the National Stock Exchange (NSE), the stock opened at Rs 468.80, down 1 per cent, whereas it was listed at 5 per cent discount of Rs 449.95 per share on the BSE.

Post listing, the stock hit a high of Rs 474 apiece and low of Rs 448.20 on the BSE and NSE. At 10:20 am; it traded at Rs 468 per share, as against nearly 1 per cent lower in the S&P BSE