Snehaa Organics Shares Dip 5% After IPO Listing

Snehaa Organics, a company, recently offered shares to the public through an IPO.

These shares were initially priced at ₹122.

When they started trading on the stock market, they opened at the same price.

However, very quickly, many people wanted to sell the shares, causing the price to drop and hit the 5% lower circuit.

This means the price fell to ₹115.90.

The company had a successful IPO with high demand from investors, with the retail and QIB portions being oversubscribed.

The money raised from selling these shares will be used for the company's operations, paying off debts, and other business purposes.