New Delhi, March 6 -- Shares of Striders Impex made a lacklustre debut on Friday, March 6, amid a weak trend in the Indian stock market as they listed at a nearly 3% discount on the NSE SME segment.

Striders Impex share price was listed at Rs.70, down 2.78% as against the initial public offering (IPO) price of Rs.72. The listing missed Street expectations as the grey market premium (GMP) had pointed to a flat debut.

Striders Impex IPO GMP ahead of listing was nil, suggesting that the shares could debut at the same level as the offer price.

Striders Impex IPO garnered a tepid response for its share sale as it garnered bids for 44,72,000 shares as against 33,53,600 shares on offer, resulting in a 1.33 times subscription. The individual i...