Abha Power and Steel share price lists with decent 9% premium at ₹81.90 on NSE SME: Hits lower circuit thereafter
3 months, 2 weeks ago

Abha Power and Steel share price lists with decent 9% premium at ₹81.90 on NSE SME: Hits lower circuit thereafter

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Abha Power and Steel Limited share price listed with decent 9.2% premium at ₹81.90 on the NSE SME. The shares however hit lower circuit thereafter Abha Power and Steel share price however listed below the market expectaions. Abha Power and Steel IPO Grey MArket premium or the GMP stood at ₹15 indicating that the Abha Power shares were available in Grey MArket at ₹15 premium over the issue price. Also it indicated that market prticipants were anticipating listing of Abha Power Steel shares at ₹90, 20% premium over the upper band of the issue price ₹20. Against firm expectaions the listig of Abha Power and steel shares at 9.2% premium was below expectations Abha Power and Steel share prices after listing corrected 5% to ₹77.80, which also stands to be the lower price band.

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