Cantabil Retail debuts 15 pc down on NSE

Cantabil Retail debuts 15 pc down on NSE


Mumbai: Apparel manufacturer Cantabil Retail on Tuesday made a weak debut on the bourses, opening about fifteen per cent lower against its issue price of 135 on NSE.

In a disappointment to its investors, shares of the company started the session with a discount of 15.03% at 114.70 on the National Stock Exchange.

On the Bombay Stock Exchange, the scrip witnessed a relatively flat opening, listing 0.88% lower at 133.80.

On the volume front, about 70 lakh shares of the company changed hands on the bourses in the opening trade.

Cantabil Retail India Ltd, which has raised 105 crore through its initial public offer (IPO), had entered the capital markets with a price band of 127- 135 per share. The company had priced its IPO at 135, the upper end of the price band.

Meanwhile, the 30-share benchmark Sensex was trading at 20,223.74, down 116.15 points from the previous close.