Repono IPO Listing, Aug. 4 -- Shares of oil storage and transportation firm Repono Limited were off to a tepid start on Monday, August 4. Repono share price listed at Rs.90 on the BSE SME, a 6.25% discount to the issue price of Rs.96 apiece.

The listing was significantly below expectations, as the grey market premium (GMP) for the Repono IPO was signalling a nearly 17% listing gain. Repono IPO GMP was at Rs.16 ahead of its stock market debut today.

The company's initial public offering had seen a stellar response, receiving 64.95 times bids. The retail portion was subscribed 67.31 times, the non-institutional investor (NII) portion 107.34 times and the qualified institutional buyer (QIB) portion 29.03 times.

Repono IPO was entirely a f...