New Delhi, June 2(HS) : Aegis Wopak Terminals Limited's shares had a disappointing market debut, listing at ₹220, down 6.38% from the IPO price of ₹235. However, buyer interest quickly surged, pushing the stock above the issue price. By 11 AM, the shares climbed to ₹239, giving IPO investors a gain of 1.70%. The company's ₹2,800 crore IPO, which opened on May 26 and closed on May 28, was oversubscribed 2.20 times, and the company had previously raised ₹1,260 crore from anchor investors. A total of 11.91 crore new shares were issued, with raised funds aimed at paying off existing debt, meeting working capital needs, and general corporate purposes. Occasional profit-taking sell-offs occurred, but overall market momentum remained positive.

Hindusthan Samachar / Jun Sarkar