The 30-share BSE Sensex tanked 555.23 points, or 0.73 per cent, to settle at 75,577.58. The 50-share NSE Nifty shed 144.05 points, or 0.61 per cent, to end at 23,635.10

The stock listed at Rs 239 on both the BSE and NSE. It was later quoting at Rs 229, down 4.18 per cent from the issue price on the BSE