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Markets - IPOs
Archidply Ind tumbles on listing day

Our Bureau

Mumbai, July 4 Archidply Industries, manufacturers of plywood, comprehensive engineered interior products, on Friday made its debut on the National Stock Exchange at Rs 72.90 against the issue price of Rs 74. It hit an intra-day low of Rs 48.80 and closed at Rs 50.70, which is Rs 23.30 or 31.49 per cent below its listing price. A total of 91.68 lakh shares were traded on the NSE.

On the Bombay Stock Exchange, too, the stock opened at a marginal premium at Rs 74.55, which is also the day’s high the stock touched. It posted a low of Rs 48.8 and closed at Rs 50.45. A total of 1.13 crore shares exchanged hands.

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