Shares of Repco Home Finance Ltd., on Monday, got listed on the National Stock Exchange (NSE) but its shares plunged, with investors staying away.
The stock finally closed 4.24 per cent below issue price at Rs. 164.70. Repco Home Finance, which recently tapped the capital market, had allotted shares at Rs. 172.
The stock touched the day’s high of Rs. 175.90 before closing at Rs. 164.70. Talking to The Hindu, Repco Home Finance Managing Director R. Varadarajan said: “It is a momentous occasion and we are very happy. Our IPO was hugely successful. It was a satisfying experience. Now with the listing our accountability will be high. ”