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The Economic Times
The Economic Times
Business
Ritesh Presswala

Advance Technoforge shares list at 1% discount to IPO price on BSE SME platform

BSE SME IPO

Shares of Advance Technoforge Limited made their D-Street debut on Monday at a discount to the IPO price. The stock listed at Rs 94 apiece on the BSE SME platform, down 1.05% from the issue price of Rs 95. The debut fell short of grey market expectations of a modest premium.

Ahead of the listing, the stock was commanding a grey market premium (GMP) of around 4%, implying an expected debut near Rs 99 per share.

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