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Shree Ram Twistex IPO listing: Shares of Shree Ram Twistex made a disappointing debut in the Indian stock market on Monday, March 2, as they listed at a massive 35% discount to the initial public offering (IPO) price of ₹104.

On the National Stock Exchange (NSE), Shree Ram Twistex share price listed at ₹68, down 34.62%, or ₹36, from the offer price. At the same time, on BSE, Shree Ram Twistex share price debuted at a 32.69% discount at ₹70.

The weak debut coincided with the Indian stock market crash following the US-Iran war and a spike in crude oil prices. The BSE Sensex lost as much as 2700 points at the open, while the Nifty 50 plunged to below 24,650 levels.

More to come…Saloni Goel has nine years of experience as a business journalist and has extensively covered financial markets. At Mint, she has been part of the mar...

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