The shares of MEP Infra Developers, whose initial public offering was subscribed 1.11 times, listed on a subdued note.
The shares opened at its issue price of Rs 63 on the BSE. The stock dipped to Rs 55.45 in early trade and was quoting at Rs 59.15 at 10.30 am.
On the NSE, it opened at Rs 65 and touched a low of Rs 52.80 before quoting at Rs 59.20 at 10.35 am.