Economy · India
Two SME IPOs debut with muted performance on stock exchanges
Two Small and Medium Enterprise (SME) Initial Public Offerings (IPOs) experienced a subdued market debut. Advance Technoforge shares opened at ₹94, below their issue price of ₹95, and subsequently hit a lower circuit of ₹89.30, a 6% decrease. Similarly, Propshop Events and Exhibitions listed at a 20% discount to its IPO price of ₹69, opening at ₹55.20 on the NSE SME platform.
How outlets across the spectrum covered it
Left 1 · Centre 3 · Right 0 n = 4
- Left (1): The Wire
- Centre (3 votes, 4 outlets): Business Standard, Hindustan (Hindi) · Mint (HT Media — 1 vote), The Free Press Journal
- International (1): Bloomberg