Shares of ArMee Infotech made a muted start on Wednesday, listing at a discount of up to 2% on the bourses. The stock opened at Rs 368.85 apiece on the BSE, down 1.64% from the issue price of Rs 375. On the NSE, shares of the company opened flat at the IPO price.
The listing was broadly in line with expectations in the unlisted market, where the stock was commanding a grey-market premium (GMP) of around 1% ahead of the debut.
