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Aritas Vinyl SME IPO listing: Shares hit 5% lower circuit after a flat opening; details here

Aritas Vinyl SME IPO listing: Aritas Vinyl share price hit its 5% lower circuit after a flat opening on Friday, January 23, on the BSE SME. Aritas Vinyl shares opened at ₹47, the same as their issue price. After opening at par with the issue price, the SME stock hit its 5% lower circuit of ₹44.65.

Aritas Vinyl SME IPO listing: Shares hit 5% lower circuit after a flat opening; details here

Credit: Livemint

Key Highlights

  • The listing of the SME IPO was on expected lines, as Aritas Vinyl SME IPO GMP on Friday morning was zero, indicating the stock was to list flat.
  • Aritas Vinyl IPO opened for subscription on January 16 and concluded on January 20.
  • The price band of the IPO was fixed at ₹47 per share.
  • The company intends to utilise the net proceeds from the issue to meet working capital requirements and for general corporate purposes.
  • Share allotment was finalised on January 21, while listing was done today, i. e.
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Sources

  1. Aritas Vinyl SME IPO listing: Shares hit 5% lower circuit after a flat opening; details here

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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