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Aavas Financiers shares plunge 9.5 pc in debut trade

Press Trust of India  |  New Delhi 

Shares of housing company made a weak debut at the bourses Monday, plunging 9.5 per cent from the issue price of Rs 821 per

The stock listed at Rs 758, falling 7.67 per cent from the issue price on BSE.

On NSE, shares of the company debuted at Rs 750, plunging 9.46 per cent against the issue price.

In terms of equity volume, 3.17 lakh shares of the company changed hands on BSE and over 22 lakh shares were traded on NSE during morning trade.

Aavas Financiers' Rs 1,734 crore initial public offer ran from September 25 to September 27, and was subscribed 97 per cent.

Price band for the offer was fixed at Rs 818-821 per

ICICI Securities Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited, Advisors (India) Private Limited and were the book running lead managers to the issue.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 08 2018. 12:55 IST
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