The stock quoted a 52-week high price of Rs 604.0 and low of Rs 364.3.

The Nikkei share average ended down 0.62% at 30,323.34, after rising as much as 0.36% earlier in the session, while the broader Topix slipped 0.3% to 2,090.16.

The S&P/ASX 200 index rose 0.58% to close at 7,460.2, with energy stocks leading the gains. The benchmark index ended down 0.27% on Wednesday.

The issue saw applications for 2,13,13,120 shares so far against the total size of 1,21,09,166 shares, meaning a subscription of 1.76 times. It was fully subscribed on Wednesday.

Goldman Sachs said in a report that because Evergrande has dollar bonds issued by both the parent company and a special purpose vehicle, recoveries in a potential restructuring could differ between the two sets of bonds, and any potential restructuring process may be prolonged.

A total of 103,333 shares changed hands on the counter till 01:19PM (IST)

“We need the market to stand on a strong foundation because if it keeps going up, it will be supported by a lot of weak investors and then the more you let it go up, the bigger the crash will be. So, a good 10-15% kind of a correction would be really welcome.”

The stock quoted a 52-week high price of Rs 32050.0 and a 52-week low of Rs 18214.4.

Promoters held 48.76 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 23.7 per cent and 9.03 per cent, respectively.

On the technical charts, the 200-day moving average of the stock stood at Rs 206.99.