Shares of Fusion Micro Finance on Tuesday made a weak market debut, falling over 2 per cent, in opposition to the problem worth of Rs 368.
The inventory made its debut at Rs 360.50, a reduction of two per cent on the BSE. It later fell 6.25 per cent to Rs 345.
Its market valuation stood at Rs 3,447.61 crore on the BSE.
On the NSE, it started the commerce at Rs 359.50, decrease by 2.30 per cent from the problem worth.
In the meantime, the broader market was additionally quoting decrease, with the BSE benchmark buying and selling down by practically 100 factors at 61,526.02 at 10.56 hours.
The Preliminary Public Providing (IPO) of Fusion Micro Finance was subscribed 2.95 occasions earlier this month.
The Rs 1,104-crore IPO had a worth vary of Rs 350-368 a share.
The IPO had a contemporary challenge of as much as Rs 600 crore and an offer-for-sale of as much as 1,36,95,466 fairness shares.