Mahendra Realtors IPO listing: Shares debut at 20% discount, extend losses to hit 5% lower circuit

Mahendra Realtors IPO listing: Shares of Mahendra Realtors & Infrastructure saw a weak debut as the SME stock listed at a 20 per cent discount on Wednesday, August 20. Mahendra Realtors’ share price opened at ₹68 against its issue price of ₹85 and extended losses to hit its 5 per cent lower circuit of ₹64.60.

The stock debuted below grey market expectations. Grey market sources had anticipated the listing to be at par with the issue price of ₹85.

(This is a developing story. Please check back for fresh updates.)