Admach Systems SME IPO listing: Shares list at 20% discount to issue price, but rebound to hit upper circuit
Admach Systems SME IPO listing: Shares of Admach Systems listed at a 20% discount to the issue price of 239 on Wednesday, 31 December. The SME stock opened at 191.20, down 20% with respect to the issue price, but rebounded to hit the upper price band of 200.75 as the day progressed. However, the stock’s…