At 11.02 IST, the companys shares were trading at Rs 287.45 on the National Stock Exchange (NSE). However, in early trade, the stock cracked and went as low as Rs 256.30 apiece – 15% lower than the previous days close.
Ahead of the debut, the company s shares are fetching a premium of Rs 22 in the unlisted market. Considering the upper price band of Rs 324, the stock is likely to start trading with a 10% premium to the issue price.