IPO Performance: Mixed start of three new companies in the stock market

The three companies listed on Tuesday had a mixed performance on the first day, with Western Carriers' stock falling 7.3 per cent from its issue price. In contrast, Northern Arc and Arcade Developers' stock rose more than 20 per cent each. The response from investors to all three IPOs was excellent and they raised a total of Rs 1 lakh crore (…)