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IRM Energy sees lacklustre debut on bourses, lists at 5% discount; Should you hold or exit?

IRM Energy shares listed a 5.49% discount over the IPO price amidst weak market sentiments. On the NSE, the stock debuted at Rs 477.25, compared to the Rs 505 issue price, while on the BSE, it listed at Rs 479 “Despite strong subscription demand for its ipo, IRM Energy listing was below street expectations mainly …

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