Admach Systems SME IPO lists at 20% discount

Admach Systems, a company, had its shares listed on the stock market on Wednesday, 31 December.

The shares started at a price much lower than expected, about 20% less than the planned price of ₹239.

This meant they opened at ₹191.20.

But as the day went on, the price went up and reached ₹200.75, which is the highest allowed price for that day.

Even at this highest price, the shares were still 16% less than the planned price.

So, even though the shares went up during the day, they didn't reach the price the company hoped for when they first offered them.