Silverstorm Parks and Resorts IPO listing: Shares debut almost flat, hit lower circuit; details here
New Delhi, July 31 -- Silverstorm Parks and Resorts IPO listing: Shares of Silverstorm Parks and Resorts debuted almost flat on the BSE on Friday, 31 July, amid cautious market sentiment. The SME stock was listed at Rs.132.90 compared to its issue price of Rs.133.
After a lacklustre debut, the stock plunged 5% from the issue price, hitting its lower circuit at Rs.126.30.
According to grey market sources, the listing of Silverstorm Parks shares fell short of expectations, as the last grey market premium (GMP) for the stock on Friday morning was Rs.5, indicating it could list at a premium of nearly 4%.
Silverstorm Parks IPO was a fresh issue of 61,98,000 shares of face value of Rs.10 each. With an upper price band of Rs.133 per share, th...
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