New IPO listings: Discount or premium? AceVector, Runwal, Orient, German Green Steel & Power - Check worst, best debut
New Delhi, Oct. 5 -- The four new IPOs delivered mixed listing performance on Monday, October 5, with Orient Cables share price emerging as the strongest debut, while AceVector shares recorded the weakest. Orient Cables shares surged 65.44% over the IPO price of Rs.272 to list at Rs.450 on the NSE, while the stock debuted at Rs.448.10 on the BSE, a 64.74% premium.
German Green Steel & Power followed with a more modest 3% premium, listing at Rs.142 on the NSE against its issue price of Rs.139, while its BSE debut at Rs.143.50 translated into a 3.24% premium. Runwal Enterprises had a largely flat listing, opening at Rs.305 on the NSE, exactly at its IPO price, while its BSE debut at Rs.306 represented a marginal 0.33% premium.
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