Saatvik Green Energy share price slides 4% after muted listing; Should you buy, sell or hold?

Saatvik Green Energy share price fell by 4% following a lackluster debut today. Shares of solar panel manufacturer, Saatvik Green Energy, saw its shares open at ₹460, which is 1% lower than the issue price of ₹465. On the BSE, the stock debuted at ₹460, reflecting a discount of 1.07% from the issue price. Meanwhile, at the NSE, the stock started trading at the issue price of ₹465. Subsequently, the shares experienced a further decline of 3.87%, bringing the price down to ₹447. The company’s market capitalization reached ₹5,798.53 crore.

The initial public offering of Saatvik Green Energy was subscribed 6.57 times by the end of the bidding period on Tuesday.