The equity share of Amsons Apparels listed at Rs 7.60, down around 25 percent on Tuesday against its issue price of Rs 10 on the SME platform of Bombay Stock Exchange (BSE).
At 11:52 hours IST, the stock was quoting at Rs 7.50, down Rs 2.50, or 25 percent. It touched an intraday high of Rs 7.60 and an intraday low of Rs 7.25.
Amsons Apparels is currently engaged in the business of trading of fabrics. It is a multi-product fabric trading company and having range includes fabrics for Silk, Polyester, Lace Fabrics, Netting Fabrics, Coarse Cotton Fabric, suiting, shirting, linen, jute and other fabrics.
The main objective of the issue was to part-finance incremental working capital requirements and for the general corporate expenses.