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Struggles of Newly Listed Companies: SONA and GCIL Face IPO Price Pressures in Secondary Market 3
Business | Market | Economy

Struggles of Newly Listed Companies: SONA and GCIL Face IPO Price Pressures in Secondary Market

Sonapur Minerals and Oil Limited (SONA) had its initial public offering (IPO) priced at Rs. 237.58 per share, but after entering the secondary market, it encountered ongoing difficulties. The stock experienced a troubling pattern, with negative circuit breakers triggered for three consecutive days, causing a significant decline in its trading value. Currently, SONA’s share price

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