Avalon Technologies's IPO was open for subscription between April 3-6 as the company raised Rs 865 crore via primary route in the fixed price band of Rs 415-436.
Weakness in the Avalon Technologies deepened as the session progressed and sentiments turned sour. The stock tested lows of Rs 387.75 on BSE, falling another 10 per cent.
Shares of Avalon Technologies made a muted debut at Dalal Street on Tuesday as the company was listed at a price of Rs 431, a discount of a little more than 1% on BSE against its issue price of Rs 436. Watch this Business Today Visual Story to know more.