IRM Energy shares listed a 5.49% discount over the IPO price  amidst weak market sentiments. On the NSE, the stock debuted at Rs 477.25, compared to the Rs 505 issue price, while on the BSE, it listed at Rs 479

“Despite strong subscription demand for its ipo, IRM Energy listing was below street expectations mainly on the back of secondary market mood. Given the mood of the market Mid cap and small cap stocks are under pressure. Conservative investors should look to book losses given the market mood while risky seekers can hold for long term,” said Prashanth Tapse, Senior VP (Research), Mehta Equities. 

Also Read