Methodhub Software IPO lists at 20% discount

Methodhub Software, a company that helps other companies with digital transformation, had its first day of trading on the stock market.

The shares started at a 20% discount to the price set during the initial public offering (IPO).

This was a surprise because the grey market had predicted a small increase.

After some initial buying, the shares reached their 5% upper limit but were still 16% below the IPO price.

The IPO raised ₹102.49 crore and was very popular, with the retail portion being subscribed 21.54 times.

The company plans to use the money to pay off debts, invest in a subsidiary, and for other business needs.