InvestorQ : How was the Sapphire Foods listing on 18th November and was it also impacted by the Paytm listing story?
Tisha Malhotra made post

How was the Sapphire Foods listing on 18th November and was it also impacted by the Paytm listing story?

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Aashna Tripathi answered.
1 week ago
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On Thursday, 18th November, Sapphire Foods had a strong listing at a premium of 14.4%, but lost value subsequently and closed the day well below the listing price. However, the stock still closed above the IPO price. Like Zomato and Nykaa, Sapphire Foods had also pulled back its listing date by one day. With a subscription of jut about 6.62 times in the IPO, this was a decent listing, although the stock was hit by the Paytm factor.

On 18th November, the IPO of Sapphire Foods listed on the NSE at Rs.1,350, a premium of 14.41% above issue price of Rs.1,180. However, it closed at Rs.1,227.70, a first day closing premium of just 4.04%. During the day, Sapphire touched a high of Rs.1,380.05 on the NSE and a low of Rs.1,160. At the close of trade on 18-Nov, Sapphire Foods had a market capitalization of Rs.7,727 crore and a free-float market cap of Rs.1,777 crore.

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