Shares of CMR Green Technologies fell nearly 8% from their post-listing highs on Thursday as investors booked profits after a strong market debut. The stock slipped to an intraday low of Rs 250 on the BSE, after listing at a 43% premium to its issue price of Rs 192.
The Rs 630.62-crore IPO was subscribed 127.07 times overall, making it one of the most sought-after public issues of the year. Institutional investors drove the demand, with the qualified institutional buyer (QIB) portion subscribed 270.46 times.
