IPO Listing Update: Kanohar Electricals Shares Jump 8% on Debut; Prasol Chemicals, Glass Wall Systems See Mixed Listing

The shares of Kanohar Electricals, Prasol Chemicals, and Glass Wall Systems made their stock market debut on Wednesday, September 16. Earlier last week, the mainboard initial public offerings (IPOs) of these companies concluded. However, none of them listed at a significant premium. Kanohar Electricals shares rose 8 per cent on Debut, while shares of Prasol Chemicals and Glass Wall Systems made their debut at a discount. 

Kanohar Electricals IPO Listing

Kanohar Electricals debuted on the BSE at Rs 672.05, marking an increase of Rs 40.05, or 6.34 per cent, over its issue price. On the NSE, the stock opened at Rs 685.50, delivering a premium of Rs 53.50, or 8.47 per cent. By 10:30 AM, the shares were trading at Rs 719.40 on the BSE, up Rs 47.35, or 7.05 per cent, from the initial BSE listing price.

Prasol Chemicals IPO Listing

In contrast, Prasol Chemicals opened at a discount. The counter listed on the BSE at Rs 611, down Rs 65, or 9.62 per cent, from its IPO price. On the NSE, it opened at Rs 610, reflecting a decline of Rs 66, or 9.76 per cent.

By 10:30 AM, the stock rebounded slightly to trade at Rs 621.20 on the BSE, up Rs 10.20, or 1.67 per cent, from its opening price.

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Glass Wall Systems IPO Listing

Glass Wall Systems recorded modest gains on debut. The stock listed on the BSE at Rs 190.10, higher by Rs 8.10, or 4.45 per cent, relative to its issue price. It debuted on the NSE at Rs 194, representing a gain of Rs 12, or 6.59 per cent.

At around 10:30 AM, the stock was trading at Rs 197 on the BSE, up Rs 15, or 8.24 per cent, from its BSE listing price.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.