Mumbai, June 19 -- The stock listed at Rs 2,840 on the NSE, higher than the discovered price of Rs 2,478.20, and at Rs 2,850 on the BSE, versus a discovered price of Rs 2,368.80. It quickly surged to hit its upper circuit limits of Rs 2,982 on the NSE and Rs 2,992.45 on the BSE.
However, the initial rally was short-lived. By afternoon trade, SEIL was quoting at Rs 2,698 on the NSE and Rs 2,707.50 on the BSE, down 5% from its respective opening levels.
SEIL's listing follows the completion of its demerger from Siemens India, which became effective on March 25, 2025. Shareholders received 1:1 shares in SEIL for every Siemens India share held.
Guilherme Vieira De Mendonca, former head of Siemens India's energy division, has taken over as ma...