BMW Ventures shares list at sharp 21% discount to IPO price

BMW Ventures shares debuted on Wednesday. The stock listed at a steep discount on both exchanges. It opened at Rs 78 on NSE and Rs 80 on BSE against the issue price of Rs 99. The Rs 231.66 crore IPO received moderate investor interest. Institutional buyers showed strong demand. Retail investors' participation was lukewarm. The company trades steel products and manufactures PVC pipes.