Neptune Logitek shares list at 26 pc discount, IPO investors suffer nearly Rs 30,000 losses
MUMBAI: Shares of Neptune Logitek made a weak debut on the BSE SME platform on Monday, listing at a steep discount to the IPO price and causing losses to investors.
The stock opened at Rs 100 per share, which was 26 per cent lower than the IPO issue price of Rs 126.
Soon after listing, selling pressure continued and Neptune Logitek share price slipped further by over 5 per cent to Rs 95.80 apiece during the intra-day session.
This meant that investors who received allotment in the IPO saw their investment value fall sharply on the very first day of trading.
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