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The Economic Times
The Economic Times
Business
Akash Podishetti

UHM Vacation shares list at 25% discount to IPO price on BSE SME platform

GMP IPO

Shares of travel services aggregator UHM Vacation made a weak D-Street debut on Thursday, listing at a steep discount to its issue price. The stock opened at Rs 132.80 on the BSE SME platform, a 25% discount to the IPO price of Rs 166.

The listing was below grey market expectations, which had indicated a flat debut. Shares of the company were trading at a grey market premium (GMP) of zero ahead of listing.

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