The share sale on the first day garnered just 1 percent subscription, attracting bids worth ₹150 crore as against ₹14,908 crore on offer, the data provided by the exchanges showed.
Shares of AEL crashed 18.3 percent on Friday to finish at 22,769.
The stock now is available at an 11-15.5 percent discount to the FPO price. The price band for the FPO is 3,112-3,276 per share.
This story is from the January 28, 2023 edition of Business Standard.
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This story is from the January 28, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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