New Delhi, March 2 -- Kiaasa Retail shares made a weak debut and fell to their lower circuit on Monday, March 2, amid weak market sentiment. Kiaasa Retail share price opened at Rs.123, down 3% with respect to the issue price of Rs.127. The stock extended the losses and hit its lower circuit of Rs.116.85, down 8% with respect to the issue price.

The stock listed on a weaker note, even below grey market expectations. Kiaasa Retail IPO GMP was nil on Monday morning, indicating the stock could have listed at par with the issue price.

Meanwhile, the stock market suffered heavy intraday losses on Monday as the escalating US-Iran war, a sharp jump in crude oil prices, and the rupee's weakness spooked investors.

Kiaasa Retail IPO opened for su...