New Delhi, Sep 26 (PTI) Shares of solar panel maker Saatvik Green Energy Ltd on Friday made a disappointing market debut and settled lower by over 5 per cent against the issue price of Rs 465.

The stock listed at Rs 460, a discount of 1.07 per cent from the issue price of Rs 465 on the BSE. Later, it fell by 8.15 per cent to Rs 427.10. Shares of the firm finally ended at Rs 439.70, down 5.44 per cent.

At the NSE, the stock listed at par with the issue price of Rs 465. It later ended at Rs 440.70, down by 5.22 per cent.

The company’s market valuation stood at Rs 5,588.81 crore.

Saatvik Green Energy’s initial public offer garnered 6.57 times subscription on the closing day of bidding on Tuesday.

The IPO had a price band of Rs 442 to Rs 465 per share.

The company’s public offering was a

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