Prince Pipes makes a tepid market debut, lists at 10% discount at Rs 160

Post-listing, the stock hit an intra-day low of Rs 152.60 only to quickly pare losses and inch as high as Rs 165.90 per shar on the exchange

Shares of Prince Pipes and Fittings Ltd made a tepid market debut today and listed at Rs 160, a 10 per cent discount against its issue price of Rs 178 per share on the BSE. The stock ended the session at Rs 166.60.

During the day, the stock hit an intra-day low of Rs 152.60 and an intra-day high as Rs 177.95 per share on the exchange. A total of 2.3 crore shares changed hands on the NSE and the BSE combined.

The initial public offer of Prince Pipes and Fittings was subscribed 2.21 times from December 18 to