New Delhi, Aug. 18 -- Medistep Healthcare IPO listing: Medistep Healthcare's share price made an impressive debut on Monday, August 18, but soon slipped to hit its lower circuit despite positive market sentiment.

Medistep Healthcare listed at Rs.53 on the NSE on Monday, a premium of 23.3 per cent from its issue price of Rs.43. However, the SME stock soon erased gains to hit its 5 per cent lower circuit of Rs.50.35. Around 11 AM, the stock was locked in its 5 per cent lower circuit even as the equity benchmark Nifty 50 traded with a solid gain of over a per cent.

The stock's listing slightly exceeded grey market expectations, as the latest grey market premium (GMP) indicated that it could be listed at a premium of 19 per cent.

Grey mark...