Shares of NewMalayalam Steel were trading at Rs 85.50 on the NSE, a discount of 5% compared with the issue price of Rs 90.
The Newmalayalam Steel IPO, which is purely fresh issue of 46.4 lakh shares, received robust investor interest as the issue was subscribed over 50 times in three days.
Newmalayalam Steel will debut on the NSE SME platform on Friday, with shares expected to list at a 33% premium over the issue ...
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