CL Educate Makes Poor Debut, Shares Slump Nearly 21%

New Delhi: Shares of CL Educate which operates coaching institutes under the brand name of Career Launcher made a weak debut at the bourses on Friday, falling sharply by nearly 21 per cent, over the issue price of Rs 502. The stock listed at Rs 398, a fall of 20.71 per cent from the issue price, on BSE. At NSE, it debuted at Rs 402, down 19.92 per cent. The company's IPO was oversubscribed 1.90 times last week, with qualified insti...