Shares of NewMalayalam Steel were trading at Rs 85.50 on the NSE, a discount of 5% compared with the issue price of Rs 90.

Newmalayalam Steel will debut on the NSE SME platform on Friday, with shares expected to list at a 33% premium over the issue ...

The Newmalayalam Steel IPO, which is purely fresh issue of 46.4 lakh shares, received robust investor interest as the issue was subscribed over 50 times in three days.

The Indian benchmark Nifty 50 ended a seven-day losing streak, driven by gains in HDFC Bank and Mahindra & Mahindra. The market saw a short-term relief rally after slipping into correction territory.