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The stock opened for trading at Rs 700 on the BSE, compared to the issue price of Rs 662, marking a premium of Rs 38 or 5.74%.
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In opening trades, Sensex nosedived 698 points or 1.19% to 58,096 while Nifty was quoting at 17,338 plummeting 197 points or 1.13%.
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The Indian Navy has commissioned the Fourth Scorpene-Class Submarine i.e (INS Vela) built by Mazagon Dock Shipbuilders on 25 November 2021.
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Overseas, Asian stocks are trading lower on Friday, as a new virus variant added to swirling concerns about future growth and higher US interest rates
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Kotak Securities is bullish on Zee Entertainment with a price target of Rs 360 per share.
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Nifty Energy index led the sectoral pack with gains of 2.40%, followed by the Nifty Realty index that rose 1.95%.
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Nifty Bank, Nifty FMCG, Nifty Metal and Nifty Pharma indices lost upt0 0.52% in early trades.
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Reliance Industries (RIL) has decided to implement a Scheme of Arrangement to transfer Gasification Undertaking into a Wholly-Owned Subsidiary.
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The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected.
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GCL Securities is bearish on IndusInd Bank with a price target of Rs 940 per share.