{
  "id": 5034021,
  "title": "Annu Projects Shares Debut At 27% Discount To IPO Price",
  "url": "https://urgent.news/2026/09/02/annu-projects-shares-debut-at-27-discount-to-ipo-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T05:46:14.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/annu-projects-shares-debut-at-27-discount-to-ipo-price"
  },
  "original_language": "en",
  "account": "New Delhi - Annu Projects made a weak start to trading on its IPO debut on Wednesday, September 2, as shares opened 27% below the issue price. On the BSE, the stock launched at Rs 75, a 24.24% discount to the Rs 99 IPO price. The NSE debut was even weaker, with shares trading at Rs 72, or a 27.27% discount. After the issue began trading, the stock fell further, dipping to an intraday low of Rs 71.25, almost 28% under the IPO price. The public received bids for around 5.18 crore shares, exceeding the available 1.76 crore shares by a ratio of 2.93. The IPO comprised a fresh issuance of up to 1.7683 crore equity shares, with no offer-for-sale element. The price band was set at Rs 94-99 per share, with a minimum application size of 151 shares. Annu Projects intends to allocate Rs 15.41 crore from the net proceeds to acquire machinery and equipment, while Rs 115 crore will cover working capital needs. The remaining funds will be utilized for general corporate purposes. The company's IPO plans join those of Jio Platforms, Paras Healthcare, Bharat PET, and four other firms. Annu Projects plans to allocate the IPO funds to machinery and equipment purchases, working capital requirements, and general corporate purposes.",
  "summary": "New Delhi: Annu Projects made a weak stock market debut on Wednesday, September 2, with its shares listing at a discount of up to 27 per cent to the IPO issue price of Rs 99. On the BSE , the stock opened at Rs 75, representing a discount of 24.24 per cent. The debut was weaker on the NSE , where shares listed at Rs 72, down 27.27 per cent from the issue price. Selling pressure continued after…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Annu Projects shares list 27% below IPO price, hit upper circuit",
        "url": "https://urgent.news/2026/09/02/annu-projects-shares-list-27-below-ipo-price-hit-upper-circuit",
        "published": "2026-09-02T04:59:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}