The NBFC, which is set to make its debut on the exchanges on August 16, is expected to trade at a 35-40 percent premium over its upper price band of Rs 57, far lower than the 70 percent expected earlier. A subdued market is behind this shift
The Rs 687-crore public issue had seen a healthy response from investors, subscribing 36.16 times during July 26-28. This led analysts and investors to believe that there would be another strong listing on bourses.