Shriram Properties makes a weak debut, lists at over 23% low cost from challenge value

Shriram Properties share value: Shares of Shriram Properties debuted on a weaker notice and received listed at a reduction of over 23 per cent from their challenge value within the inventory exchanges as we speak.
The scrip received listed at Rs 90.00 apiece on the National Stock Exchange (NSE), thereby registering a fall of 23.73 per cent from its supply value of Rs 118.00, whereas on the BSE, it opened at Rs 94.00, down 20.34 per cent from the problem value.
The inventory inched greater from its opening ranges and inside a couple of minutes touched a excessive of Rs 105.40 on BSE and Rs 105.45 on NSE.
At 10:15 am, the scrip was buying and selling at Rs 104.65 on the BSE, down 11.31 per cent from the problem value whereas on NSE it was at Rs 104.70, down 11.27 per cent. The market capitalisation stood at Rs 1,773.42 crore, knowledge from the BSE confirmed.

Over 1.54 crore shares of Shriram Properties have been traded up to now on NSE whereas round 9.18 lakh shares have exchanged fingers on the BSE, knowledge from the respective inventory alternate confirmed.
Shriram Properties has a serious presence in south India. It has accomplished varied actual property tasks and lots of are beneath development.
The IPO was met with a optimistic response from the buyers throughout its supply interval from December 8-10, 2021. It noticed a 4.60 occasions subscription on the ultimate day.