Sona BLW makes a tepid debut; lists at 4% premium over issue price

Sona BLW Precision Forgings (Sona Comstar) made a quiet debut on the bourses, with the stock getting listed at Rs 302.40 -- a 4 per cent premium over its issue price of Rs 291 per share on the BSE on Thursday. On the other hand, on the National Stock Exchange, it opened at Rs 301. However, post listing, the stock hit a low of Rs 295 on the BSE and NSE.

At 10:09 am, Sona Comstar was trading at Rs 311, 7 per cent above its issue price on the BSE with nearly 12 million shares having changed hands on the NSE and BSE.