It was listed on August 11 with the issue size of 27.9 lakh shares on the NSE at a discount of 13.33 per cent.

The company is a IT-enabled services and solutions firm and its IPO received subscription by 1.2 times.

Similarly, Austral Coke and Projects Limited subscribed by 1.65 times on the whole), was listed on September 4 with a 5 per cent premium to its issue price of Rs 196. While, the scrip settled with a premium of 30 per cent at Rs 252 on the NSE last week.

Image: Indian investors watch a stock ticker outside the Bombay Stock Exchange in Mumbai. | Photograph: Pal Pillai/AFP/Getty Images