8 months ago
Neptune Logitek IPO lists at 26% discount
Neptune Logitek's shares started trading on the stock market on December 22.
They began at a price much lower than expected, which was 26% less than the initial price set for the IPO.
This made people who bought the shares during the IPO lose money immediately.
The shares even dropped a bit more right after they started trading.
Before the listing, experts thought the shares might not do well, and that turned out to be true.
The company plans to use the money from the IPO to buy more trucks and pay off some of its debts.
Neptune Logitek is a company that helps move goods from one place to another using different types of transportation.
Neptune Logitek shares listed at 26% discount to IPO price of ₹126.
Shares opened at ₹100 on BSE SME, causing immediate losses of ₹26,000 per lot.
Price dropped over 5% to ₹95.80 during intra-day trading, increasing losses to ₹30,200 per lot.
Grey market premium was ₹0 ahead of listing, indicating muted expectations.
IPO proceeds to be used for capital expenditure, debt repayment, and general corporate purposes.
- Who
- Neptune Logitek
- What
- IPO listing at 26% discount
- Where
- BSE SME
- When
- December 22
- Why
- Muted market expectations and selling pressure
Key facts
- IPO Price
- ₹126
- Listing Price
- ₹100
- Listing Discount
- 26%
- Immediate Low
- ₹95.80
- Grey Market Premium
- ₹0
- Lot Size
- 1,000 shares
- Loss Per Lot at Opening
- ₹26,000
- Maximum Loss Per Lot
- ₹30,200




