Updater Services shares listed at 5% discount over IPO price on bourses today. The share debuted at Rs 285 on the NSE, as compared to the issue price of Rs 300. On the BSE, the Updater Services’ shares listed at Rs 299.90

“Overall, the listing of Updater Services is disappointing for investors. However, the company’s high IPO price, mixed financial performance, and associated risks likely contributed to the negative response in the market. Additionally, current market sentiments could also be a contributing factor to such a listing. Investors who received allotments in the IPO should consider all these related risks and exit their position after this listing,” Shivani Nyati, Head of Wealth, Swastika Investmart.

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