Astron Multigrain share price slumps 24% from issue price after weak listing

Key Highlights

• The SME stock extended fall and was locked-in at 5% lower circuit of ₹47.88 apiece from its listing price.
• At the lowest point of the day, Astron Multigrain share price was down 24% from its issue price.
• The SME IPO was open from December 1 to 3.
• Astron Multigrain IPO listing date was December 8, and the stock has been listed on BSE SME.
• Astron Multigrain IPO listing was below Street estimates.