New Delhi, July 30 -- Indiqube Spaces made a weak debut on Dalal Street today, July 30, as the stock listed at a 9% discount at Rs.216 apiece on the NSE, compared to the issue price of Rs.237. On the BSE, it opened 7.7% lower at Rs.218.

Following the poor listing, the stock slipped further to Rs.201.60, down 6.7% from its listing price and 15% below the IPO price. At 12:30 p.m., the stock was trading at Rs.211.09 apiece. Analysts said the weak listing was due to the issue being fully priced, leaving little incentive for investors to participate, even though the company's long-term prospects appear optimistic.

Sourav Choudhary, Managing Director, Raghunath Capital, said the muted debut of Indiqube Spaces, which listed nearly 8-9% below i...