@siva Why the lower circuit is 405 ? - Any reason behind this .
Why it is more than 48 Perc of IPO price ?
Hey @sandeep_cs, the ₹272 was the IPO issue price, while the stock listed/opened at ₹450 on NSE. The ₹450 became the reference price for the initial trading band, so the circuit isn’t calculated from the ₹272 IPO price.
So, with a 10% band:
₹450 × 10% = ₹45
Lower circuit = ₹450 − ₹45 = ₹405
Upper circuit = ₹450 + ₹45 = ₹495
And ₹405 is 48.9% above the IPO price of ₹272:
₹405 − ₹272 = ₹133
₹133 ÷ ₹272 × 100 = 48.9%
Basically, the stock listed at a big premium of ₹450 vs ₹272, and the circuit is then calculated from the ₹450 listing price. That’s why the lower circuit of ₹405 is still 48.9% above the IPO price.
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@rihan_baji Thank you for the information
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