India's IRM Energy falls 5.5% in pre-open trading debut

Irm Energy

26/10/2023 05:24

BENGALURU, Oct 26 (Reuters) - Shares of IRM Energy
 IRME.NS , which distributes natural gas, fell 5.5% in pre-open
trading debut on Thursday, valuing the company at about 19.60
billion rupees ($235.52 million). 
    The stock was at 477.25 rupees in pre-open trade, compared
with its initial public offer (IPO) price of 505 rupees in a
weak broader market. 
    The benchmark Nifty 50  .NSEI  was 0.9% down.
    
($1 = 83.2210 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru;Editing by Nivedita
Bhattacharjee)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;
 +91 8095218099;))