ArisInfra Ends First Trading Session 22% Below IPO Price

The company’s shares ended today’s trading session at INR 174.10 on the BSE, down 21.6% from the issue price of INR 222

ArisInfra was trading at a flat grey market premium (GMP) leading up to its listing, typically implies weak or neutral investor appetite and confidence in the stock’s immediate post-listing performance

The B2B construction company saw a weak investor sentiment on its listing day despite the rally in the broader market

After listing at a discount to…