Now Reading: Skytech Infinite shares hit lower circuit after weak listing
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Skytech Infinite shares hit lower circuit after weak listing
Skytech Infinite shares listed on the BSE SME platform at Rs 74 apiece, a 3.9% discount to the issue price of Rs 77. The stock immediately hit the 5% lower circuit at…
Skytech Infinite shares listed on the BSE SME platform at Rs 74 apiece, a 3.9% discount to the issue price of Rs 77. The stock immediately hit the 5% lower circuit at Rs 70.30, reflecting weak investor demand on debut.
The company raised capital through an initial public offering that closed for subscription last month. The discounted listing and subsequent circuit limit signal muted market appetite for the SME stock in the current trading session.
Indian Opinion Analysis
Skytech Infinite’s poor debut follows a pattern in the SME IPO segment, where weak aftermarket performance often signals tepid demand or overpricing. The company raised Rs 77 per share, but the listing at Rs 74 and the immediate 5% lower circuit suggest retail and institutional investors saw limited value. This could deter future SME listings if sentiment sours further. The stock will be tracked in coming sessions for recovery or continued decline, with the lower circuit acting as a floor until demand returns.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
