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Sapphire Foods opened for trading at Rs 1,350 on the NSE implying a premium of Rs 170 or 14.41% over its issue price of Rs 1,180 per share.
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Market momentum has weakened recently and the market appears to be heading for a risk-off mode.
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Shares of One97 Communications & Sapphire Foods will debut on the bourses today.
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Overseas, Asian stocks are trading mixed on Thursday, following overnight losses on Wall Street.
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ShareIndia is bullish on Tech Mahindra with a price target of Rs 1,640 per share.
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Sensex ended at 60,008.33, down 314.04 points or 0.52%, while Nifty dropped 100.55 points or 0.56% to settle at 17,898.65.
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HCL Technologies, Wipro, UPL, Eicher Motors, and Titan were among the top 5 Nifty stocks that saw net buying by mutual funds.
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SEBI propose an increase in the lock-in for anchor investors in startup IPOs to 90 days as it will provide more confidence to other investors.
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A sharp market correction is likely to happen when the FIIs turn big sellers. But there are no signs of that yet.
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McDonald's has partnered with ITC to add a differentiated fruit beverage, B Natural to the Happy Meal.