Shares of Annu Projects made a weak debut on the stock market, listing at ₹72, a steep 27.27% discount to the IPO issue price of ₹99. The disappointing listing comes after muted institutional participation in the public issue, with no anchor investors and qualified institutional buyer (QIB) participation of only around 10%.
The weak debut signals limited institutional demand for the issue and resulted in a significant loss for investors who received shares in the IPO.
Annu Projects IPO Listing Price
Annu Projects shares listed at ₹72, compared with the IPO issue price of ₹99. This represents a decline of ₹27 per share, or 27.27%, from the issue price.
The company had set an IPO price band of ₹94 to ₹99 per share, with ₹99 being the final issue price.
For investors allotted one standard lot of 151 shares, the listing price translates into a notional loss of around ₹4,077 compared with the IPO issue price.
Annu Projects IPO: Key Listing Details
- IPO Issue Price: ₹99 per share
- Listing Price: ₹72 per share
- Listing Discount: 27.27%
- IPO Price Band: ₹94–₹99
- Lot Size: 151 shares
- QIB Participation: Around 10%
- Anchor Investors: None