Shares of auto component maker Sandhar Technologies gave up all early gains and ended nearly 3 per cent lower over its issue price of Rs 332 on its debut trade today.
The stock got listed at Rs 345, a gain of 3.91 per cent against the issue price on the BSE. Intra-day, it touched a high of Rs 351.45 and a low of Rs 318.55. It finally settled at Rs 322.55, down 2.84 per cent.
On the NSE, the stock ended at Rs 322.15, a loss of 2.96 per cent.
In terms of equity volume, 13.16 lakh shares of the company were traded on the BSE and over 98 lakh shares changed hands on the NSE during the day. The company’s market valuation stood at Rs 1,941.45 crore.
The Rs 512-crore IPO was open during March 19-21 and was subscribed 6.2 times. The price band was fixed at Rs 327-332. ICICI Securities and Axis Capital were the book running lead managers to the offer.