Vaswani Industries stock lists at discount

Within minutes,the scrip lost further ground and plummeted 56.63 per cent to Rs 21.25 on the BSE,while on the NSE,shares of the company plunged 56.12 per cent to Rs 21.55. The shares was listed nearly five months after the public issue closed for subscription,as the initial public offer (IPO) came under Sebi’s regulatory scanner. Vaswani is engaged in the integrated business of manufacturing sponge iron,steel billets & ingots and power generation.