New Delhi, Sept. 30 -- Shares of Jaro Institute of Technology Management and Research debuted flat on the BSE and the NSE on Tuesday, September 30, in a lacklustre market. Jaro Institute share price opened at Rs.890 on the NSE and the BSE, at par with the issue price.

After a flat opening, the stock dropped about 15 per cent to hit a low of Rs.756.60 on the BSE and on the NSE, the stock fell 18 per cent to the level of Rs.732.50.

The stock's listing failed to meet grey market expectations.

Jaro Institute IPO GMP (grey market premium) today was Rs.43, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Jaro Institute shares was Rs.933 ...