LGT Business Connextions IPO listing: Shares of LGT Business Connextions made a weak debut on the BSE on Tuesday, August 26, listing at a 20 per cent discount at ₹85.60 against its issue price of ₹107. The stock’s listing was below grey market expectations, as the grey market observers expected the stock to list at par with the issue price.
After listing at a 20 per cent discount, the stock fell further to hit its 5 per cent lower circuit of ₹81.35. Around 11:25 AM, the stock was locked in its lower circuit. Equity benchmark Sensex was 0.62 per cent down at 81,127 at that time.
(This is a developing story. Please check back for fresh updates.)
About The Author
