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The stock traded at a P/E multiple of 14.9, while the price-to-book value ratio stood at 0.99.

On the technical charts, the RSI of the stock stood at 48.39.

A total of 201,898 shares changed hands on the counter till time (IST).

Amfi data released for the month on Wednesday said investors poured in a net Rs 14,887.77 crore in equity oriented funds. All but one category saw inflows led by over Rs 2,000 crore in sectoral and thematic funds. Focussed funds and those investing in broader markets also saw healthy inflows.

Since the IPO was entirely an offer-for-sale, the company will not receive any proceeds from the public issue. Price range for the offer was at Rs 824-866 per share

“HCL Tech, Infosys and to some extent TCS provide better entry points and comfort in terms of new allocation.”

The Nikkei share average advanced 1.08% to close at 27,579.87, while the broader Topix rose 0.94% to 1,952.22.

Some transient wrath of bond traders is a fair exchange for safeguarding growth momentum at a time when the lingering aftereffects of the ebbing pandemic are still to be fully comprehended

Rahul Talele, Group CEO, Kolte-Patil Developers Ltd, said: "We have hit significant sales milestones in Q3 FY22, which has been our best-ever quarter in the last seven years both in terms of sales volume and value."

Down 20 per cent this calendar, the scrip is in a bear grip. But analysts are unfazed as they believe receding pandemic concerns and opening up of schools will drive growth for IGL in March quarter